bank credit line
61Credit Sweep — Also known as an automated credit sweep, this term refers to an arrangement between a bank and a customer (usually a corporation) whereby all idle or excess funds in a deposit account are used to pay down short term borrowing under a line of… …
62revolving credit — credit automatically available up to a predetermined limit while payments are periodically made. Cf. credit line (def. 2). [1915 20] * * * ▪ finance system of retail credit in which the buyer makes periodic payments to an account to which… …
63Bank of Somaliland — The Bank of Somaliland (Baanka Somaliland) was established in 1994. It acts as both a central bank and a commercial bank. The monetary authority was provided for in the National Constitution of the Republic of Somaliland. The bank aims, in line… …
64bank — I 1. noun 1) the bank of the great river Syn: edge, side, shore, coast, embankment, bankside, levee, border, verge, boundary, margin, rim, fringe; literary marge, skirt 2) a grassy bank …
65Bank Confirmation Letter - BCL — A letter confirming that a line of credit has been secured from a financial institution or bank. The bank confirms that a person is eligible for a specified amount of borrowed funds to be used for a predetermined purpose. A bank confirmation… …
66bank line — / bæŋk laɪn/ noun same as line of credit …
67revolving line of credit — A type of credit facility. A term that can be confusing, with different banks using the term to describe different types of credit facilities. 1. In some banks, revolving line of credit refers to a credit facility that permits the borrower to… …
68Revolving line of credit — A bank line of credit on which the customer pays a commitment fee and can take down and repay funds according to his needs. Normally the line involves a firm commitment from the bank for a period of several years. The New York Times Financial… …
69Offshore credit card — Offshore credit cards are credit cards issued by an offshore bank in a jurisdiction that is different to that of the cardholder. Real unsecured offshore credit cards with credit lines are very difficult for the average person to obtain because… …
70consumer credit — noun a line of credit extended for personal or household use • Hypernyms: ↑credit line, ↑line of credit, ↑bank line, ↑line, ↑personal credit line, ↑personal line of credit • Hyponyms: ↑ …
