Line Of Credit

What is it? A pre-established loan authorization with a specified borrowing limit extended by a lending institution to an individual or business based on creditworthiness. A line of credit allows borrowers to obtain a number of loans without re-applying each time as

Added By: Carson

Send To Friends!

If you'd like to send the Line Of Credit definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Line Of Credit. If you need any more information on this term, please don't hesitate to contact us.