line of credit Definition

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.

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

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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

cash capability, cleanup period, master lease, open end credit, overdraft, and