bank line

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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

References in periodicals archive ?
21 July 2011 - Rating agency ICRA has reiterated its A-/"stable"/A2+ ratings on the enhanced bank lines of Indian port operator Kakinada Seaports Ltd.
7m) bank lines of Indian construction company Sukhwani Associates.
28 April 2011 - ICRA reaffirmed yesterday the ratings on various bank lines of Indian carpets manufacturer Brintons Carpets Asia Pvt Ltd at LBBB/"stable"/A2.
M2 EQUITYBITES-April 18, 2011--ICRA cuts rating on bank lines of Raus Infras to LBB-(C)2011 M2 COMMUNICATIONS http://www.
BANKING AND CREDIT NEWS-June 10, 2011--ICRA rates Oswal Pumps' bank lines at LBB+/"stable"(C)2011 M2 COMMUNICATIONS http://www.
8 April 2011 - ICRA said Thursday it had retained the ratings on Delhi International Airport Private Limited's (DIAL) bank lines at LBBB/A3+.
BANKING AND CREDIT NEWS-April 28, 2011--ICRA affirms LBBB/"stable"/A2 ratings on bank lines of Brintons Carpets Asia(C)2011 M2 COMMUNICATIONS http://www.
1 March 2011 - ICRA reaffirmed yesterday the rating on the bank lines of Rajkumar Forge Ltd (BOM:513369) at LBBB-/A3.