line of credit

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line of credit

n. pl. lines of credit

line of credit

n
(Banking & Finance) US and Canadian another name for credit line

cred′it line`


n.
1. a line of text acknowledging the source or origin of published or exhibited material.
2. the maximum amount of credit that a customer is authorized to use.
[1910–15]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.line of credit - the maximum credit that a customer is allowed
consumer credit - a line of credit extended for personal or household use
credit - money available for a client to borrow
References in classic literature ?
He was going to sea at the time, skipper of one of the sailing ships of the Bank Line, when he married Agnes Hewitt.
He thinks shareholders will be left with a run rate on earnings and cash flow that is "well below an expectation that remains too optimistic." GE stock was never priced for a liquidity situation, and while drawing down bank lines and making moves to bring cash suggest there is an eye toward liquidity, this remains more about what is left when the dust settles as the company drives towards a more sustainable capital structure, says Tusa.
Global Banking News-November 14, 2017--Beneficial State Bank lines up new president for appointment after merger
The downgrade reflects Fitch's view that, based on its reading of newly proposed legislation, a debt restructuring or default by the Authority is probable in light of the legislation, and given the near-term liquidity demands brought on by maturing bank lines of credit and the requiredrepayment of outstanding loans due in July and August 2014.
"We have practically zero availment of our bank lines and given the continuing liquidity, the bank lines will cost much less," the source said." Anyway, we have a very strong cash position and we have a very substantial unutilized bank lines."
21 September 2011 - ICRA said yesterday it had placed the BBB-/A3 ratings on the bank lines of Indian PVC pipes maker Kisan Irrigations Ltd under watch with developing implications.
Furthermore, respondents said they would consider issuing RFPs for services such as custody services, investment management, forecasting systems, letters of credit and bank lines of credit.
At the web site, customers can get answers to their questions about loan or lease payment methods, such as how much will the customer pay, how much down payment is required, the effect on bank lines of credit and tax advantages.
Even getting out of Latin America's interminable bank lines might be enough to tip the balance in favor of mobile Internet.
Service Merchandise's cash availability under its committed bank lines, exclusive of a recent CIT vendor line, was expected to exceed $140 million by Jan.
Kennedy has access to a network of investors and bank lines of credit that enables it to raise funds for multi-million dollar deals quickly.