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credit line

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
credit line
See line of credit.
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Most businesses maintain an operating credit line on an ongoing basis, and may also hold a term loan at any given time for a specific purpose such as the purchase of a new piece of capital equipment.
Banking Tips For Women Business Owners by SANDOR, ANDREA / Los Angeles Business Journal
has closed a $400 million revolving credit line to be provided by a 14-bank syndicate led by Bank of America.
Sunrise closes $400M revolving credit line by ADLER, SAM / Contemporary Long Term Care
The new line of credit is made up of a $25 million reducing revolver line, an uncommitted $15 million increase to the reducing revolver and a $10 million revolving credit line.
Grubb & Ellis Company by Real Estate Weekly
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