Line Of Credit
A line of credit, also called a credit line, is an arrangement between a bank or vendor and its customer that extends a certain amount of unsecured credit to that customer.
Line of Credit
Financial Dictionary - Loans - Line of Credit
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Line of credit
An informal arrangement between a bank and a customer establishing a maximum loan balance that the bank will permit the borrower to maintain.
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Line Of Credit:
An agreement between a bank and a customer whereby the bank agrees to lend the customer funds up to a previously agreed maximum amount.
line of credit
The amount that a bank commits to lend a borrower during a specified purpose.
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line of credit
commitment by a bank to lend funds to a borrower up to a specified amount over a specified future period.
Line of Credit
Definition: Arrangement whereby a lender agrees to lend up to a specific amount of money during a specific period, usually one year. A commitment fee is sometimes imposed on the borrower.
Demand Line Of Credit
Demand Line Of Credit definition :
A bank line of credit that enables a customer to borrow on a daily or on-demand basis.
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CD LINE OF CREDIT - A depositor can take out a loan for up to 100 percent of the CD amount, secured by ...
CDBG - Community Development Block Grant.
CDC - See: Commonwealth Development Corp ...
A home equity line of credit (HELOC) is credit extended against the equity in the house as collateral. A HELOC is used as a credit card - only with a larger limit.
Line of Credit: Revolving credit extended to an individual by a financial institution. It may be secured or unsecured. Rates are ordinarily better than credit cards.
Line of Credit
An agreement by a commercial bank or other financial institution to extend credit up to a certain amount for a certain time to a specified borrower. Also known as Home equity Loan.
Line of Credit:
An arrangement by which a bank agrees to lend to the line holder during some specified period any amount up to the full amount of the line.
Liquid Assets: ...
Line of credit:
A credit arrangement whereby the bank puts at its client's disposal a maximum loan balance and agrees to finance within this balance several contracts subsequently entered into by the client.
Line of credit
An informal loan arrangement between a bank and a customer allowing the customer to borrow up to a pre-specified amount.
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line of credit
A revolving source of credit with a pre-established limit. You access the funds only as you need them, and any amount that you pay back becomes accessible to you again.
Line of credit
A line of credit, sometimes called a bank line, is the most you can borrow under a revolving credit arrangement with a credit card issuer, bank, or mortgage lender.
line of credit
A type of credit facility. The specific meaning of the term varies from bank to bank. Since the various uses often cause confusion, two definitions are presented here. In this book, the second definition is used.
Line of credit - The amount of money a borrower may withdraw from a financial institution with specific timelines on repayment.
Liquidate - To settle a debt, convert to cash, or wind down a company.
Line of credit - a flexible ongoing loan arrangement with a specified limit.
Liquidity - the measurement of how quickly and easily an asset can be converted into cash with no or minimal loss.
Line of Credit
Pre-approved loan that lets you borrow money up to a pre-set credit limit, usually by writing checks. A line of credit doesn't cost you anything until you write a check, and then you begin repayment just like a regular loan.
Line of Credit: an agreement by a financial institution such as a bank to extend credit up to a certain amount for a certain time to a specified borrower.
Liquid Asset: a cash asset or an asset that is easily converted into cash.
Line of Credit: A bank's commitment to a borrower to extend a series of credits under certain conditions up to an agreed amount for a specified period of time.
Liquid: Easily traded or converted to cash.
line of credit: An open-ended arrangement for a company to borrow and repay debt at its discretion, subject only to a maximum limit.
liquidation: The act of closing down a business, including the sale of its assets.
Line of Credit
A credit agreement, often arranged before funds are needed, in which a financial institution agrees to lend money to a client up to a maximum amount for a specific period of time.
Line of credit - Bank's commitment to make loans to a company for a specified maximum amount for a given period of time, typically one year. There is usually no commitment fee charged on the unused line.
Demand Line of Credit: A credit facility (such as a credit card) that enables a customer to borrow on a daily or demand basis.
Backup Line of Credit
A bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank.
Line of credit
A line of credit is an arrangement with a financial institution that enables a firm to borrow up to a stipulated amount as the need arises. Interest is only paid on actual balances outstanding.
Line of credit granted by a bank to a customer.
Bankruptcy
State of being unable to pay debts. Thus, the ownership of the firms assets is transferred from the stockholders to the bondholders.
Line of credit that by a bank grants to a customer.
Bank trust department
Bank department that deals with estates, administers trusts, and provides services such as estate planning advice to its clients.
Line of credit that by a bank grants to a customer.
Bank Letter of Credit Policy
Standards allowing banks to confirm letters of credit by foreign banks supporting the purchase of US exports.
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Line of Credit
A line of credit is an undertaking of an FI to provide a loan up to a maximum principal amount to a borrower, where the loan can be drawn down subject to very short notice by the borrower and repaid at the discretion of the borrower.
A line of credit used by a bank to cover any issue of commercial paper for which financing from new paper may not be available.
A line of credit that may be used repeatedly up to a certain limit, also called a charge account or revolving credit.
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A line of credit which is sanctioned by the bank but not revealed to the borrower till the time of some particular occasion.
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6. Line of credit established. The clients funds will be used to draw a line of credit (LOC) for trade. This may or may not require moving funds into the traders bank of choice.
==> Line of Credit
If you have good credit, you may be able secure a line of credit from your bank. This can be handy in providing you with a source of working capital in the opening round of your business.
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Demand line of credit
A bank line of credit that enables a customer to borrow on a daily or on-demand basis.
Demand loan
A loan which can be called by the lender at any time and carries no set maturity date.
Use that line of credit and whatever you do, avoid payday loans... Next Page
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Revolving line of credit offered by banks, savings and loans, and other lenders to consumers. The line of credit is set with a particular limit, after which consumers can borrow using a credit card, check, or cash advance.
Revolving Line of Credit
A credit limit at a specified interest rate that is readily available to a company for immediate borrowing.
A business line of credit is ideal for businesses of all sizes that want to build their business credit.
Home Equity Line of Credit
Home Improvement Loan
Home Equity Loans
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Unsecured Line of Credit
A line of credit is an agreement by a financial institution to loan money to a borrower up to an agreed upon maximum. Interest is only charged on the money that is actually withdrawn from the line of credit.
Home Equity Line of Credit - A form of revolving credit whereby one's home serves as collateral.
Home Equity Loan - A fixed-term loan based on the equity in the mortgagor's house.
Home equity line of credit (HELOC)
A mortgage set up as a line of credit against which a borrower can draw up to a maximum amount, as opposed to a loan for a fixed dollar amount.
A home equity line of credit (HELOC) is secured by your home, but other credit lines, such as an overdraft arrangement linked to your checking account, are unsecured.
cash advance A loan taken out against a line of credit, credit card or expected income--typically... Cash Against Documents CAD. A transaction where the purchaser takes ownership of goods the moment...
Bank line Line of credit granted by a bank to a customer. Bank wire A computer message system linking major banks. It is used not for effecting payments, but as a mechanism to advise the receiving bank of some action that has occurred, e.g.
Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years.
Open-end credit Revolving line of credit that is extended with every purchase or cash advance. Open-end fund Used in the context of general equities. Mutual fund that continually creates new shares on demand.
Export Revolving Line of Credit
The Export Revolving Line of Credit, ERLC, is a form of financial assistance provided by the Small Business Administration (SBA). The ERLC guarantees loans to U.S.
Revolving Line Of Credit
A line of credit that, once arranged, can be drawn on by the customer according to need....(Read more)
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A measure of the sensitivity of an option or warrant price to a change in interest rates....(Read more) ...
Suppose instead that the bank has extended a line of credit to a firm, but none of the line has yet been drawn down. The immediate credit exposure is zero, but this doesn't reflect the fact that the firm has the right to draw on the line of credit.
Those expenses can be handled through a line of credit. The reason an emergency fund is needed is that almost all workers are at least somewhat vulnerable to sudden job loss.
Also called an "equity loan" or a "second mortgage," a home equity loan is a line of credit secured by your home.
Open-end Credit A line of credit that may be used repeatedly up to a certain limit, also called a charge account or revolving credit.
CREDIT CARD: A piece of plastic (about 2 inches by 3 1/2 inches) that authorizes a user to make use of a pre-established loan (or line of credit) with a bank, store, or other business when conducting transactions (that is, buying stuff).
Overdraft protection: A line of credit established when a checking account is open to protect the account holder from bouncing a check.
 See also: Fraud, Refinance, Home equity loan, Mortgage Broker, APR
  
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