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 periodicals archive ?
A small business line of credit is a financial tool that shares similarities with a business credit card.
It would be recalled that the procurement of busses - 300 double-decker, 100 single-decker and 50 articulated - was one of the successful projects implemented under the 1st Line of Credit to Bangladesh.
has been ranked by J.D Power US Home Equity Line of Credit Satisfaction Study as highest in customer satisfaction with home equity line of credit (HELOC), the company said.
Assuming a line of credit is not defaulted on, this will have no consequence in the long run as the provision will be reversed once the line of credit is fully settled.
Personal Line of Credit is a personal loan that allows consumer to use any amount within the assigned limit and pay interest on the amount withdrawn.
Noting that a separate eight-billion-euro line of credit was recently signed with South Korea, he said, "These lines of credit will led to further investment and a rise in production and employment in Iran."
* A $2.2 million first mortgage and $250,000 line of credit for 266 Pelham Road Corporation, a 57-unit co-op at 266 Pelham Road in New Rochelle, NY;
"The expanded capacity on our holding company line of credit recognizes our accelerating financial performance and the continued strength of our balance sheet," said Steven Sugarman, Chairman and Chief Executive Officer of Banc of California.
The line of credit may look like the examples in the Exhibit.
The new line refinances and replaces a S15 million line of credit previously provided by a different bank and is priced at an improved interest rate of 3.25 percent plus London interbank offered rate (LIBOR), subject to certain terms and conditions.
Andrew J Welch, the company executive vice president and chief financial officer, said 'The terms of the new line of credit are more favourable than the repaid loans, with a lower interest rate, an extended maturity date and the efficiency of a revolving line of credit, which provides greater flexibility to manage our balance sheet while negotiating and consummating strategic hotel acquisitions.'