approved line of credit

approved line of credit
amount of credit given to a person

English contemporary dictionary. 2014.

Look at other dictionaries:

  • line of credit — noun a) 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… …   Wiktionary

  • guidance line of credit — A line of credit approved by the bank, but not disclosed to the borrower until some specific event, usually a request for funding from the borrower. Also called an unadvised line. American Banker Glossary …   Financial and business terms

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  • credit line extension — enlargement of a credit line, increase in the maximum amount of credit approved …   English contemporary dictionary

  • credit line — amount of credit that one is approved for …   English contemporary dictionary

  • Open-End Credit — A pre approved loan between a financial institution and borrower that may be used repeatedly up to a certain limit and can subsequently be paid back prior to payments coming due. The pre approved amount will be set out in the agreement between… …   Investment dictionary

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