The maximum amount of credit or money a financial institution or trade firm will extend to a customer
The amount of credit being extended to you by a bank (in this case, via a credit card) to make purchases, cash advances, and other transactions There may be only a portion of your line available for cash advances
where funding is transferred in instalments on the request of the recipient This is a more flexible arrangement than a straightforward loan Bank funds are often channelled through credit lines held at intermediary banks in order to make smaller concessional loans available Loans from credit lines are often earmarked for certain types of investments
A revolving credit agreement allowing a person to borrow any amount up to a preapproved limit for purchases or cash advances As the outstanding balance is paid off, the credit again becomes available to fund new purchases or cash advances
A credit line is the maximum amount of credit available in an open-ended credit arrangement, such as a bank credit card, which the lender may change at any time The credit line is disclosed in the credit card agreement [GAO] (see also bank, credit card)
Definition: The text which the museum requires to be displayed whenever the image/data appears Example: NGA 1942 9 1 Comment: This is not the official credit line, with labelling information, but the display minimum required by the museums
Aggregate amount to which a bank has committed itself to make loans to a designated borrower A line of credit may be "clean"that is, requiring no collateral from the borroweror "secured"that is, requiring collateral from the borrower A line of credit is not a letter of credit, even though banks sometimes commit themselves to a line of credit in writing
An agreement whereby a bank or business will supply a specified maximum amount of money or merchandise to a customer on credit The customer often borrows and repays from time to time as needed, but is limited to the agreed-upon maximum amount
Also shortened to Line The amount of money a player has deposited in the casino cage, or the amount of money the casino manager is willing to advance to a player
The most you can charge on your credit card account When you receive a new credit card, you're usually issued a set credit line Under some circumstances, your card issuer may increase or decrease it
Consists of an agreement between a borrower and a lender that permits an extension of credit, up to a certain limit, without having to complete a loan application for each amount of money borrowed The borrower may make as many purchases as desired as long as the limit of credit is not exceeded A simple example is the limit placed on charge cards from banks or department stores
A loan approved by a financial institution and available for the lender to draw on that is unused, or not used to the maximum allowable amount Many buyers today are using what is known as a "Home Equity Line" as a means of purchasing vehicles, instead of obtaining separate vehicle loans The good news is that interest paid on such loans is normally tax deductible The bad news is that a portion of the home is being used as collateral
A financial agreement under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a predefined period. The client may borrow the entire credit amount all at once or in portions during the specified period
This is a financial institution's commitment to lend your business up to a certain amount of money during a specified period For example, your financial institution might extend you a $50,000 line of credit during the first quarter of 2000
An agreement by a bank or financial institution to extend credit up to a specific amount for a certain period of time to a specified borrower See home equity line of credit
A loan extended by a lender for a specified amount and time period Sometimes these are know as letters of credit Generally, the borrower can take specific amounts up to the limit,repay it at any time, and draw it again
The amount of credit that may be extended to a borrower by a lender This type of arrangement gives a borrower more flexibility in planning for operating expenses
An agreement by a commercial bank or other financial institution to extend credit up to a certain amount for a certain time to a specific borrower A home equity line of credit is secured by the a mortgage against the borrower's home
Agreement whereby a financial institute promises to lend up to a certain amount without the need to file another application The borrower is expected to reduce the debt after having reached the full amount of credit
A very flexible form of loan in which the lender agrees to make a certain amount of money available to the borrower at a certain rate of interest The borrower may use as much of the amount available as she wishes and may pay out all or any part of the amount owing at any time or re-borrow such funds at her leisure
Agreement by a bank that a company may borrow at any time up to an established limit Linked Deposit A deposit in an account with a financial institution to induce that institution's support for one or more projects By accruing no interest or low interest on its deposit, a foundation essentially subsidizes the interest rate of the project borrowers Loan Agreement A written contract between a lender and a borrower that sets out the rights and obligations of each party regarding a specified loan
A maximum credit limit allowed by a bank to a borrower, as long as the borrower maintains an acceptable balance on account or has a good credit rating The credit line will vary from time to time according to the changing circumstances of the borrower or the bank
An agreement by a commercial bank or other financial institution to extend credit up to a certain amount for a certain time to a specified borrower See home equity line of credit
An agreement negotiated between a borrower and a lender which establishes the maximum amount against which a borrower may draw The agreement also sets out other conditions, such as how and when money borrowed against the line of credit is to be repaid
A type of credit which offers an individual immediate access to any portion or all of a pre-determined amount of cash upon demand A line of credit may be either unsecured or secured with personal assets such as bonds, term deposits or equity on a home A secured line of credit results in lower risk to the financial institution and a lower rate of interest to the individual