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line of credit

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
Line of credit
An informal loan arrangement between a bank and a customer allowing the customer to borrow up to a prespecified amount.
line of credit
A credit arrangement in which a financial institution agrees to lend money to a customer up to a specified limit. A line of credit, generally arranged before the funds are actually required, provides flexibility for the customer in that it ensures the ability to meet short-term cash needs as they arise. Also called bank line, credit line, revolver, revolving credit agreement.
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6 million first mortgage and a $300,000 line of credit for a 300-unit co-op located at 181 Long Hill Road in Little Falls, NJ; a $3.
NCB enjoys strong December with $61m in financing deals by Real Estate Weekly
5,000-$15,000 of Chicago deposit; line of credit same as deposit.
No credit? No problem! Here's how to get good credit if you don't ... by Leftwich, Siobhan / Black Enterprise
NASDAQ:SNTS), a specialty pharmaceutical company focused on therapies for gastrointestinal diseases and disorders, today announced that it has obtained from Comerica Bank a three-year $20 million revolving line of credit for working capital needs and general corporate purposes.
Santarus Obtains $20 Million Revolving Line of Credit by Business Wire
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