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 type of mortgage loan from which borrowers can write a check or draw funds Some lines of credit are also balloon loans Usually the borrower is given 5 to 10 years to use the line of credit After this period, many lines of credit require the borrower to pay the loan in full Others may require the loan to be paid in full over the next 10 to 15 years