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Line of credit 
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.
 
 
Semi Related Terms: 403  CLICK HERE TO VIEW 
10-K , 
Allowance for depreciation , 
Average collection period , 
Agent bank , 
Accrual of discount , 
Amortization of premium , 
All or any part , 
At call , 
All-risks coverage , 
Abstract of title , 
Action to quiet title , 
Assignment to creditors , 
Attorney in fact , 
Assignment of mortgage , 
A shares , 
Average price per share , 
Additional paid-in capital , 
Adoption credit , 
Amount recognized , 
Bank reconciliation , 
Below the line , 
Books of final entry , 
Books of original entry , 
Book value per share , 
Bottom line , 
Bank credit , 
Bank draft , 
Bank holding company , 
Bank Holiday , 
Banking Act of 1933 , 
Bank Note , 
Bank Trust Department , 
Bank-eligible issues , 
Bid-to-cover ratio , 
Bureau of Public Debt , 
Basic earnings per share , 
Balance of payments , 
Bank Rate , 
Base period , 
Board of Governors , 
Bill of exchange , 
Bill of sale , 
Breach of trust , 
Bank term loan , 
Borrow , 
Business credit , 
Back-end load , 
B shares , 
Blackout period , 
Breadth-of-market theory , 
Cost Of Goods Sold , 
Cost of sales , 
Credit order , 
Commercial bank , 
Consumer bank , 
Credit card , 
Credit union , 
Call , 
Call date , 
Called away , 
Called bond , 
Call price , 
Call protection , 
Call risk , 
Certificate of Participation , 
Credit analyst , 
Credit risk , 
Call money rate , 
Code of procedure , 
Credit balance , 
Capitalization of income , 
Cost of Living Adjustment , 
Cost-of-living index , 
Council of Economic Advisers , 
Credit squeeze , 
Cheapest to deliver , 
Chicago Board of Trade , 
Cost-of-living rider , 
Credit insurance , 
Credit life insurance , 
Certificate of stock , 
Cost of carry , 
Certificate of title , 
Contract for deed , 
Customary arrangement , 
Cancellation of debt , 
Cash credit , 
Certificate of Claim , 
Closed-end credit , 
Commercial credit , 
Conduit borrower , 
Consumer credit , 
Cost of debt capital , 
Cost of funds , 
Credit , 
Credit agency , 
Credit default swap , 
Credit derivative , 
Credit enhancement , 
Credit limit , 
Credit line , 
Credit score , 
Cure period , 
Closed-end fund , 
Closed-end investment company , 
C shares , 
Call option , 
Call ratio backspread , 
Call swaption , 
Class of options , 
Close to the money , 
Covered call , 
Credit spread , 
Certificate of Occupancy , 
Cash or Deferred Arrangement , 
Class A Shares , 
Class B Shares , 
Crash of 1929 , 
Crash of 1987 , 
Child and dependent care credit , 
Coefficient of determination , 
Certificate of delivery , 
Close a position , 
Curbs in , 
Deferred credit , 
Dealer bank , 
Deposit in transit , 
Date of issue , 
Date of payment , 
Division of Enforcement , 
Division of Investment Management , 
Division of Market Regulation , 
Do Not Reduce , 
Date of record , 
Distribution period , 
Dividend in arrears , 
Division of labor , 
Durable Power of Attorney , 
Date of maturity , 
Debtor in possession , 
Debtor-in-possession financing , 
Deed of Release , 
Deed of Trust , 
Discharge of bankruptcy , 
Discharge of lien , 
Deep in the money , 
Deep out of the money , 
Deed of Surrender , 
Department of Housing and Urban Development , 
Dogs of the Dow , 
Depth of market , 
Eurodollar certificate of deposit , 
Escrowed to maturity , 
Ex-legal , 
Either-or order , 
ECU , 
ECI , 
E-mini , 
Exchange for futures , 
Exchange for physical , 
Exchange of spot , 
Ex-pit transaction , 
European Central Bank , 
Export-Import Bank , 
Ex-all , 
Expiration time , 
Ex-warrants , 
Employee Retirement Income Security Act of 1974 , 
Ex-rights , 
Ex-rights date , 
Earned income tax credit , 
Education credit , 
First In First Out , 
Face-amount certificate , 
First call date , 
Flight to quality , 
Flow of funds , 
Federal Call , 
Fictitious credit , 
Fill or kill , 
Front-ending an order , 
Forward P/E , 
Fully diluted earnings per share , 
Factors of production , 
Favorable balance of trade , 
Federal Reserve Bank , 
Face amount , 
Fee-for-service , 
Front-end load , 
Form 8-K , 
Form S-1 , 
Fair Credit Reporting Act , 
Full faith and credit , 
Family of funds , 
Fund of funds , 
Free right of exchange , 
G-7 , 
G-8 , 
Grace period , 
Gather in the stops , 
Hart-Scott-Rodino Act of 1976 , 
House call , 
House of issue , 
Holder in due course , 
High credit , 
Home equity line of credit , 
Holding period , 
Hope credit , 
Historical trading range , 
In escrow , 
In-house , 
Investment Advisor Act of 1940 , 
Investment bank , 
Investment Company Act of 1940 , 
In line , 
Insider Trading sanctions Act of 1984 , 
Internal Rate of Return , 
Indication of interest , 
In intestacy , 
Impaired credit , 
In play , 
In-process research and development , 
I/O strip , 
In-service withdrawal , 
Imbalance of orders , 
In and out , 
In sympathy , 
In the tank , 
Last In First Out , 
Lender of last resort , 
Law of one price , 
Lending at a rate , 
Law of demand , 
Law of supply , 
Loose credit , 
London Inter-Bank Offer Rate , 
Letter of comment , 
Lockup period , 
Line of credit , 
Loan-to-cost , 
Loan-to-value , 
Lock-in , 
Lifetime learning credit , 
Locked in , 
Long-term gain or loss , 
Level I quotes , 
Member bank , 
Money center bank , 
Mutual Savings Bank , 
Maintenance call , 
Make a market , 
Margin call , 
Market if touched order , 
Mark-to-market , 
Merchant bank , 
Medium of exchange , 
Marginal propensity to consume , 
Money at call , 
National Bank , 
National Credit Union Administration , 
Negotiable certificate of deposit , 
Negotiable Order of Withdrawal , 
Notice of Sale , 
National Association of Securities Dealers , 
National Association of Securities Dealers Automated Quotations system , 
Notice period , 
Non-revolving credit card , 
Notice of Default , 
Notional principal amount , 
Naked call , 
National Association of Real Estate Investment Trusts , 
One time charge , 
Office of Thrift Supervision , 
Out-of-favor , 
Or better , 
Opinion of title , 
Open-end credit , 
Open-end mortgage , 
Owe , 
Open-end fund , 
Open-end management company , 
Out of the money , 
Open-end lease , 
Pooling of interests , 
Payment-in-kind security , 
Price Value of a Basis Point , 
Provisional call feature , 
Payment for order flow , 
P&L , 
Primary earnings per share , 
Provision for income taxes , 
Per stirpes , 
Power of Attorney , 
Principal amount , 
Prioritization of debt , 
Paid-in capital , 
Paid-in surplus , 
Payback period , 
Private Investment in Public Equity , 
Preservation of capital , 
Price range , 
Put/call ratio , 
Quiet period , 
Return of capital , 
Regional bank , 
Real-time trade reporting , 
Regulation D , 
Regulation G , 
Regulation T , 
Regulation U , 
Round of funding , 
Rules of Fair Practice , 
Rate of exchange , 
Reciprocal of European terms , 
Range , 
Red herring , 
Regulation A , 
Right of first refusal , 
Right of rescission , 
Right to Know , 
Revolving line of credit , 
Right of recourse , 
Rule of 78 , 
Redemption period , 
Right of redemption , 
Retirement Equity Act of 1984 , 
Rate of return , 
Real rate of return , 
Real-time , 
SEC filing , 
SG&A , 
Straight line depreciation , 
Savings bank , 
Sight letter of credit , 
S&L , 
State bank , 
SEC , 
Secured bond , 
SEC fee , 
Segregation of securities , 
Standard of living , 
Second-to-die insurance , 
Statute of Limitations , 
Satisfaction of debt , 
Secured credit card , 
Secured loan , 
Staggered board of directors , 
Savings Incentive Match Plan for Employees , 
S Corporation , 
Short-term gain or loss , 
Subchapter M , 
Subchapter S Corporation , 
Schedule C , 
Securities Act of 1933 , 
Securities Acts Amendments of 1975 , 
Securities Exchange Act of 1934 , 
Seek a market , 
S&P phenomenon , 
Top line , 
Time deposit , 
Time draft , 
T-Bill , 
Term to maturity , 
Take a position , 
Time order , 
Trailing P/E , 
Trading range , 
Time note , 
Truth in Lending , 
Time spread , 
Time-sharing , 
Ten-bagger , 
Time stop , 
Taxpayer Relief Act of 1997 , 
Tax Reform Act of 1986 , 
Tax Reform Act of 1993 , 
Take a bath , 
U.S. Government Agency Security , 
U.S. Savings Bond , 
U.S. Treasury , 
U.S. Treasury Bill , 
U.S. Treasury Bond , 
U.S. Treasury Note , 
U.S. Treasury Securities , 
Unsecured , 
Unsecured loan , 
Uncovered call , 
Unified Tax Credit , 
Unit of trade , 
Unit of trading , 
Vendor financing , 
Vesting period , 
Vertical line charting , 
World Bank , 
Waiver of premium , 
W-2 Form , 
W formation , 
When, as, and if issued , 
X or XD , 
Year-To-Date , 
Yield to call , 
Yield to maturity , 
Yield to worst