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.

Related Terms: 10 Borrow, Call, Credit, Credit line, ECU, ECI, Owe, Range, SEC, Unsecured

Other Related Pages: Category: Lending_and_Credit Starting With: L

Additional Related Terms: 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