line of credit

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Related to Revolving Loans: Revolving credit facility, Revolving Loan Funds

line of credit

n. pl. lines of credit
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

line of credit

n
(Banking & Finance) US and Canadian another name for credit line
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The Federal Reserve Bank's Consumer Credit report released Thursday showed revolving loans to consumers rose 0.77% from Sept.
(NYSE:CTLT), the global provider of advanced delivery technologies and development solutions for drugs, biologics, and consumer health products, has announced that its wholly owned subsidiary, Catalent Pharma Solutions, Inc., has completed an amendment to its senior secured credit facilities to lower the interest rate on its US dollar-denominated and euro-denominated term loans and its revolving loans, the company said.
The new applicable rate for revolving loans is initially LIBOR plus 2.25%, which is 1.25% lower than the previous rate, and such rate can additionally be reduced to LIBOR plus 2.00% in future periods based on a measure of the Catalent Operating Subsidiary's total leverage ratio.
The mall operator, which delayed plans in June to raise at least $500 million from what would have been the Gulf's first hybrid bond from a corporate borrower, will use the $1.5 billion facility to replace revolving loans totalling $1 billion.
Her Majesty stopped by Al Hamra Military Retirees Association -consumer market project- and attended a meeting at Al Hamra Social Development Society with representatives of the various charitable and cooperative societies in Hosha, youth communities and the beneficiaries from the revolving loans program.
In the same month the corporate revolving loans with maturity of less than three years amounted to NT$658.573 billion (US$19.96 billion), for a sharp monthly increase of NT$193.4 billion (US$5.86 billion) or 41.5%.