Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A line of credit granted by a bank or other financial institution in a foreign currency. For example, a British bank may give a British client a line of credit denominated in U.S. dollars. A euro line may be useful if one has significant business dealings in another country and wishes to hedge one's foreign exchange risk.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved