Cash credit


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an account with a bank by which a person or house, having given security for repayment, draws at pleasure upon the bank to the extent of an amount agreed upon; - called also bank credit and cash account.

See also: Cash

References in periodicals archive ?
the contract offered by the contracting party to a cash credit must therefore also include a facility that ensures daily automatic transfers between the supplier of the cash credit and the odregivers top account in obs at danske bank, so that the obs top account is settled daily (clearing), cf.
The outlook set on the term loan and cash credit of the unplasticised polyvinyl chloride (UPVC) doors and windows maker is "stable".
At the same time, the agency retained its BB- rating on the company's INR805m term loan and said that the outlook on the term loan and the cash credit is "stable".
The FCI has a sanction of Cash Credit Limit (CCL) of Rs.34,495 crore by a consortium of banks, which is normally utilised for meeting its working capital requirements.
For example, "better plan" customers can save up to pounds 150 on the installation of cavity wall insulation and earn a pounds 20 cash credit on their energy bill when they do so.
In an advisory opinion, (57) the DOL addressed whether cash credits can be used to encourage individuals to establish HSAs with a particular trustee or custodian, without violating the Code's prohibited-transaction rules.
Announcing its strategic partnership agreement with Cash Credit, Voyager Innovation said in a statement the partners will jointly aggressively rollout a mobile-based microfinance program within the first half of the year, applying big data analytics to offer innovative financial services to Smartas combined subscriber base of over 75 million.
The outlook on the term loan and cash credit remains "stable".
Tender notice number : MPSCSCL/ TENDER NO -3307 & Work No: OFFER OF CASH CREDIT LIMIT OR SHORT TERM LOAN OR ANY OTHER MODE OF FINANCE
24 November 2011 - CRISIL on Thursday attached a BB- rating with a "stable" outlook to Indian hot rolled coils trader Durrung Ispat Pvt Ltd's INR150m (USD2.9m/EUR2.2m) cash credit.
M2 EQUITYBITES-November 21, 2011--CRISIL rates cash credit of GS Ginning Pressing at B+(C)2011 M2 COMMUNICATIONS http://www.m2.com
BANKING AND CREDIT NEWS-November 24, 2011--CRISIL rates cash credit of Durrung Ispat at BB-(C)2011 M2 COMMUNICATIONS http://www.m2.com