- approved line of credit
- amount of credit given to a person
English contemporary dictionary. 2014.
approved line of credit
Look at other dictionaries:
guidance line of credit — A line of credit approved by the bank, but not disclosed to the borrower until some specific event, usually a request for funding from the borrower. Also called an unadvised line. American Banker Glossary … Financial and business terms
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credit line extension — enlargement of a credit line, increase in the maximum amount of credit approved … English contemporary dictionary
credit line — amount of credit that one is approved for … English contemporary dictionary
Open-End Credit — A pre approved loan between a financial institution and borrower that may be used repeatedly up to a certain limit and can subsequently be paid back prior to payments coming due. The pre approved amount will be set out in the agreement between… … Investment dictionary
