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.




line of credit is ...
... part of the
Lending & Credit subject.


Related Terms

cash advance -  More
overdraft protection -  More
revolving line of credit -  More
bank term loan, on-the-spot loan, home equity, swingline loan, backup line


line of credit appears in these other terms

home equity line of credit


line of credit appears in the definitions of these other terms on BusinessDictionary.com

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