ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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LINE OF CREDIT Definition
LINE OF CREDIT is an agreement whereby a financial institution promises to lend up to a certain amount without the need to file another loan application. The borrower is required to reduce the debt whenever the limit of the full amount of credit has been reached.
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TILL ROLL is a roll of paper on which the separate amounts of money paid for goods are recorded in a retail shops cash register.
IMPREST BASIS, in cash accounts, means that the exact amount of fund expenditures is replaced periodically.