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 ?
Brianna Chapman, Osmani Gonzalez, and Stephanie Krueger joined Merit's bank line division this month as well.
The company has transferred its entire business, including all assets, liabilities and bank lines, to SAN Garments Manufacturing Pvt Ltd with effect from 1 April 2011, which prompted the move, ICRA said in a statement.
8 August 2011 - ICRA said on Friday it had reaffirmed the ratings on the bank lines of Indian machine tools maker Trumpf India Pvt Ltd at BBB/"stable"/A2.
8 August 2011 - ICRA said on Friday it had rated the bank lines of Indian poultry breeding firm Eastern Hatcheries Pvt Ltd at BBB+/"stable"/A2+.
The series 2006B bonds will be sized, possibly in combination with bank lines of credit, to provide $2.
BANKING AND CREDIT NEWS-August 8, 2011--ICRA rates Eastern Hatcheries' bank lines at BBB+/A2+(C)2011 M2 COMMUNICATIONS http://www.
13 July 2011 - ICRA said on Tuesday it had assigned an A-/"stable " rating to the bank lines of Indian civil engineering company Kalyani Global Engineering Pvt Ltd.
BANKING AND CREDIT NEWS-July 21, 2011--Kakinada Seaports ratings on bank lines remain unchanged - ICRA(C)2011 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-July 8, 2011--ICRA rates Sukhwani Associates' bank lines at B+(C)2011 M2 COMMUNICATIONS http://www.
30 June 2011 - ICRA said yesterday it had rated the bank lines of Indian real estate developer Pioneer Urban Land & Infrastructure Ltd at BBB/"stable".
BANKING AND CREDIT NEWS-July 8, 2011--ICRA rates Sukhwani Associates' bank lines at B+(C)2011 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-April 28, 2011--ICRA affirms LBBB/"stable"/A2 ratings on bank lines of Brintons Carpets Asia(C)2011 M2 COMMUNICATIONS http://www.