line of credit
Definition
An arrangement in which a bank or vendor extends a specified amount of unsecured credit to a specified borrower for a specified time period. also called credit line.
 Cite this definition
Related Terms
cash advance, overdraft protection, revolving line of credit
'line of credit
' appears in the definitions of these terms on BusinessDictionary.com master lease, open end credit, overdraft, backup credit, cash capability, and 
Related Research Articles from the InvestorGuide.com University
Credit CardsLearn how credit cards, despite the convenient and useful way to pay for products and services, also encourages excessive spending that lead to debt accumulation and high interest rates on the money owed. Understand why the use of credit cards is recommended only for those who intend to pay off the balance each month, and consider the types of credit cards carefully. 
Credit Card DebtMany people find themselves wasting money each and every month on high credit card interest rates. This article tells you how to avoid getting into credit card debt, and if you do, the best way to escape it.
Improving CreditFind out how to improve your credit (and why this is important). We describe techniques you can use, such as timely bill payment, closing unused credit lines, and avoiding collection agencies, judgments against you, and bankruptcy for seven to ten years.
Featured Sponsor
|
