Bank line

Line of credit that a bank grants to a customer.

Line of Credit

An agreement between a bank and a company or an individual to provide a certain amount in loans on demand from the borrower. The borrower is under no obligation to actually take out a loan at any particular time, but may take part of the funds at any time over a period of several years. This agreement is fairly common in situations in which a business must make payroll but does not always have the operating income to do so, especially when its operating income is seasonal or otherwise varies from month to month. It is also called open-end credit or a revolving line of credit. See also: Credit Card.

bank line

See line of credit.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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References in periodicals archive

The company has transferred its entire business, including all assets, liabilities and bank lines, to SAN Garments Manufacturing Pvt Ltd with effect from 1 April 2011, which prompted the move, ICRA said in a statement.

-ICRA pulls SAN International's LBBB-/"stable"/A3 ratings

-ICRA rates Eastern Hatcheries' bank lines at BBB+/A2+

Companies used bank lines of credit, albeit with more flexibility than in the U.S.

Back to basics

The rating was further strengthened by the recent enhancement of the company's bank lines that is expected to improve its liquidity to some extent.

-R.G. Spinning Mills gets higher rating from CRISIL

-ICRA confirms BBB/"stable"/A2 ratings on bank lines of Trumpf India

-ICRA rates Eastern Hatcheries' bank lines at BBB+/A2+

-ICRA confirms BBB/"stable"/A2 ratings on bank lines of Trumpf India

-CRISIL rates bank lines of Prem Conductors at BB-/Stable/A4+

-CRISIL gives B+/Stable/A4 ratings to bank lines of Shri Ram Construction