LINE OF CREDIT Definition

Bookmark and Share

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.

Learn new Accounting Terms

UNIT COST see OBJECT COST.

OUTTURN is what is produced in a given time period.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.