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 ?
However, in the past one month, some non-banks have found it tough to quickly drawdown on bank lines, which led to some liquidity stress.
The company has transferred its entire business, including all assets, liabilities and bank lines, to SAN Garments Manufacturing Pvt Ltd with effect from 1 April 2011, which prompted the move, ICRA said in a statement.
M2 EQUITYBITES-August 8, 2011--ICRA rates Eastern Hatcheries' bank lines at BBB+/A2+(C)2011 M2 COMMUNICATIONS http://www.m2.com
Companies used bank lines of credit, albeit with more flexibility than in the U.S.
The rating was further strengthened by the recent enhancement of the company's bank lines that is expected to improve its liquidity to some extent.
M2 EQUITYBITES-August 8, 2011--ICRA confirms BBB/"stable"/A2 ratings on bank lines of Trumpf India(C)2011 M2 COMMUNICATIONS http://www.m2.com
BANKING AND CREDIT NEWS-August 8, 2011--ICRA rates Eastern Hatcheries' bank lines at BBB+/A2+(C)2011 M2 COMMUNICATIONS http://www.m2.com
With the closure of the transactions, the Company's bank lines will step down to $70 million.
BANKING AND CREDIT NEWS-August 8, 2011--ICRA confirms BBB/"stable"/A2 ratings on bank lines of Trumpf India(C)2011 M2 COMMUNICATIONS http://www.m2.com
M2 EQUITYBITES-July 27, 2011--CRISIL rates bank lines of Prem Conductors at BB-/Stable/A4+(C)2011 M2 COMMUNICATIONS http://www.m2.com
Anderson's bank lines will step down to $70 million after the Transactions close.
BANKING AND CREDIT NEWS-July 29, 2011--CRISIL gives B+/Stable/A4 ratings to bank lines of Shri Ram Construction(C)2011 M2 COMMUNICATIONS http://www.m2.com