Line of Credit

From Open Risk Manual
Revision as of 23:03, 10 February 2020 by Wiki admin (talk | contribs) (Initial Entry)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

Definition

Line of Credit. It is the commitment of a financial institution to a borrower to extend credits under certain conditions up to an agreed amount for a specified period of time. It is renewable at the discretion of the lender.

Retrieved from "https://www.openriskmanual.org/wiki/index.php?title=Line_of_Credit&oldid=13236"
Creative Commons Attribution-NonCommercial-ShareAlike
Powered by MediaWiki