bank line

Also found in: Thesaurus, Legal, Financial.
ThesaurusAntonymsRelated WordsSynonymsLegend: line - 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.
Certica has taken over the Northwest Evaluation Association's (NWEA) Formative Assessment Item Bank line of business.
The Company also announced that it has closed on a $250 million unsecured five year revolving bank line of credit.
While the Rating Watch Negative includes a going concern issue, as reflected by the 'CCC' IDR, it also includes Fitch's concerns regarding the outcome of an ongoing SEC accounting investigation and uncertainty with respect to the final amount of a secured bank line, which could impair the position of unsecured bondholders.
The new agreement replaces the prior bank line of up to $15 million with a different lending institution.
CHICAGO -- Fitch Ratings assigned a 'BBB-' senior debt rating to the $300 million bank line of credit for Fidelity National Title Group, Inc.
NASDAQ:APII), a leading toy designer and manufacturer of educational and positive, non-violent branded toys for pre-school children through pre-teens, announced that the company has, with a formal commitment letter, been able to increase its bank line to $2,500,000 and under certain conditions, the working capital line can be extended to $3,000,000.
Establishing this bank line is an important step in expanding our new portable storage product category," said Steve Gillings, Chief Financial Officer for I/OMagic Corporation.
The acquisition was funded by utilizing cash on hand and borrowings under the Company's bank line of credit.
CRA believes that current cash balances, cash generated from operations, and amounts available under its bank line of credit will be sufficient to meet the Company's anticipated working capital and capital expenditure requirements for at least the next 12 months.
The First Commercial Bank line of credit has an interest rate of prime plus one percent and is secured by Digital Fusion's receivables and certain guarantees.
This new Bank Line will provide SciClone's operating subsidiaries with access to additional working capital to support the Company's growth strategy.