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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.
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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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The APAC region is also expected to contribute significantly to the global small arms market; mainly due to the increasing terrorism incidences and border threats in the region.
He further highlighted the link between terrorist financing and the proliferation of small arms, and stressed the need for all parliaments to ratify the ECOWAS Convention on Small Arms and Light Weapons, Their Ammunition and Other Related Materials.
Ordnance manufacturers are the experts in development and production of small arms and ammunition.
Born in New Toronto, she is now 90 years old and can still recall the year that she spent working at Small Arms. "I decided to move up from my job at Eaton's where I made men's shirts on a loom because, back then, clothing was handmade in the store.
Given the large scale of illegal trade of light and small arms and considering the problems stemming from it, no country can counter this issue alone and therefore international cooperation is a key factor in this regard, Ale-Habib said at the Second Review Conference of the UN Program of Action on Small Arms and Light Weapons on Tuesday.
The main distinction between small arms and light weapons is that Small arms are easily hand carried which could be from pistols to automatic weapons.
This is also the case for the multilateral instruments combatting illicit SALW Since the end of the Cold War the SALW class of weapons has been recognized as a major global threat to human security States have agreed to several regional and global instruments to combat the proliferation and misuse of SALW, most notably the 2001 UN Programme of Action on small arms and light weapons.
Controlling the spread of small arms and light weapons is, however, extremely difficult for a number of reasons.
By any reckoning the trade in small arms is big business.
Peace and disarmament groups such as the International Action Network on Small Arms said the conference did not address a number of issues, including the- problem of ammunition, a major source of explosions that accidentally kill civilians.
"US soldiers used 120 mm fire from M1A12 Abrams tanks and small arms fire to kill the 22 criminals, forcing remaining enemy forces present to retreat," the military said.
The initiative responds to the agreement between the CARICOM Foreign Ministers and Secretary of State Condoleezza Rice on March 22, 2006 calling for a partnership against the illicit trafficking in small arms and light weapons and reaffirmed during the U.S.

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