Meaning LINE OF CREDIT: An informal loan arrangement between a bank and a customer allowing the customer to borrow up to a prespecified amount
More terms such as Line of credit in Dictionary L.
- Definition Limited Partner:
- Examples A partner who has limited legal liability for the obligations of the partnership line of credit definition.
- Definition Linear Programming:
- Examples Technique for finding the maximum value of some equation, subject to stated linear constraints line of credit explain.
- Definition Leveraged Portfolio:
- Examples A portfolio that includes risky assets purchased with funds borrowed line of credit what is.
- Definition Loan Value:
- Examples The maximum percentage of the value of securities that a broker can lend to a margin account customer, as dictated by the Federal Reserve Board in Regulation T line of credit meaning.
- Definition Look-Thru:
- Examples A method for calculating U.S. taxes owed on income from controlled foreign corporations that was introduced by the Tax Reform Act of 1986 line of credit abbreviation.