Line of Credit

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Line of Credit

The maximum borrowing power granted to a person from a financial institution.

Line of credit denotes a limit of credit extended by a bank to a customer, who can avail himself or herself of its full extent in dealing with the bank but cannot exceed this limit. It most frequently covers a series of transactions, in which case, when the customer's line of credit is nearly exhausted or not replenished, the customer is expected to reduce the indebtedness by submitting payments to the bank before making additional use of the line of credit.

See: capital
References in periodicals archive ?
7m) bank lines of Indian construction company Sukhwani Associates.
28 April 2011 - ICRA reaffirmed yesterday the ratings on various bank lines of Indian carpets manufacturer Brintons Carpets Asia Pvt Ltd at LBBB/"stable"/A2.
1m) bank lines of Indian interior decorating company Raus Infras Ltd to LBB- from LBB+.
9m) fund-based bank lines of Indian electric pumps manufacturer Oswal Pumps Ltd at LBB+/"stable".
8 April 2011 - ICRA said Thursday it had retained the ratings on Delhi International Airport Private Limited's (DIAL) bank lines at LBBB/A3+.
He added that, "the increased size does not reflect a change in CFC's funding strategy, but rather should provide investors with additional comfort, since CFC has more available under the liquidity back-up lines than it maintains outstanding in short term debt securities that require back-up bank lines.
BANKING AND CREDIT NEWS-April 28, 2011--ICRA affirms LBBB/"stable"/A2 ratings on bank lines of Brintons Carpets Asia(C)2011 M2 COMMUNICATIONS http://www.
1 March 2011 - ICRA reaffirmed yesterday the rating on the bank lines of Rajkumar Forge Ltd (BOM:513369) at LBBB-/A3.
TXU and its subsidiaries have sufficient liquidity from operating cash flow augmented by availability under its bank lines of almost $2 billion and cash-on-hand at $1.
M2 EQUITYBITES-February 8, 2011--ICRA puts ratings on Greenply Industries bank lines on withdrawal notice(C)2011 M2 COMMUNICATIONS http://www.
The renewed credit facility and the company's existing three-year revolving facility maintain the company's combined, committed bank lines at $500 million.
ADPnews) -- Dec 27, 2010 -- India's ICRA said it had given an A4 rating to INR150m of short-term non-fund-based bank lines of Rakhecha Securities Ltd.