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Definitions of line of credit
Definition that contains line of credit
  • consumer credit a line of credit extended for personal or household use
  • credit application an application for a line of credit
  • offsetting balance a minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan; a common requirement for establishing a line of credit at a bank
  • compensating balance a minimum credit balance that a bank may require a borrower to keep on deposit as a condition for granting a loan; a common requirement for establishing a line of credit at a bank
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