line of credit
line of credit. The maximum amount of borrowing power extended to a borrower by a given lender, to be drawn upon by the borrower as needed. — Also termed credit line.
Search Results for: LINE OF CREDIT
line of credit
line of credit 授信额度；信贷限额；信用额度 一方向另一方承诺的最高信用限额，通常由银行、零售商、信用卡发放机构向客户提供，从而方便其业务往来，但客户不可突破这一限额。该信用限额一般用于一系列的交易，当额度即将用完时，客户需通过付款来减少负债，从而维持其信用额度。
known creditor
A creditor whose identity or claim is either known or reasonably ascertainable by the debtor. • Known creditors are entitled to notice of the debtor’s bankruptcy or corporate dissolution, as well as notice of any deadline for filing proofs of claim.
revolving letter of credit
A letter of credit that self-renews by providing for a continuing line of credit that the beneficiary periodically draws on and the bank customer periodically repays. • A revolving letter of credit is used when there will be multiple drafts under a single transaction or multiple transactions under a single credit. — Abbr. RL/C.
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home equity loan
A line of bank credit given to a homeowner, using as collateral the homeowner’s equity in the home. — Often shortened to equity loan. — Also termed home-equity line of credit. See EQUITY(7).
overdraft
overdraft. 1. A withdrawal of money from a bank in excess of the balance on deposit. [Cases: Banks and Banking 150. C.J.S. Banks and Banking §§ 349–352, 358.] 2. The amount of money so withdrawn. — Abbr. OD; o/d. 3. A line of credit extended by a bank to a customer (esp. an established or
compensating balance
compensating balance. The amount of money that a borrower from a bank is required to keep on deposit as a condition for a loan or a line of credit.
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equity loan
equity loan 抵押房屋净值贷款 指银行向房屋所有人提供的限额贷款。该贷款限额〔line of credit〕的确定以借款人用以抵押的房屋在扣除一切抵押费用所增加的净值为基础，并以该净值作为贷款的保证。
deforce
deforce, vb. 1. To keep (lands) from the true owner by means of force. 2. To oust another from possession by means of force. 3. To detain (a creditor’s money) unjustly and forcibly. — deforciant, n. “The character of the action of debt is well illustrated by the form of the writ as given by
simple interest
Interest paid on the principal only and not on accumulated interest. • Interest accrues only on the principal balance regardless of how often interest is paid. — Also termed straight-line interest. Cf. compound interest. [Cases: Interest 60. C.J.S. Interest and Usury; Consumer Credit§§ 6, 71.]