Line of credit — Finance Financial markets Bond market … Wikipedia
line of credit — /ˌlaɪn əv kredɪt/ noun 1. the amount of money made available to a customer by a bank as an overdraft ♦ to open a line of credit or a credit line to make credit available to someone 2. the borrowing limit on a credit card … Dictionary of banking and finance
revolving line of credit — overdraft that is approved for limited periods of time … English contemporary dictionary
Overdraft — I warn you, Sir! The discourtesy of this bank is beyond all limits. One word more and I I withdraw my overdraft! Cartoon from Punch Magazine Vol. 152, June 27, 1917 An overdraft occurs when money is withdrawn from a bank account and the… … Wikipedia
Credit card debt — is an example of unsecured consumer debt, accessed through credit cards. Debt results when a client of a credit card company purchases an item or service through the card system. Debt accumulates and increases via interest and penalties when the… … Wikipedia
Overdraft Protection — A line of credit that banks offer to their customers to cover their overdrafts. Overdraft protection kicks in when a customer writes a check for more than the amount in their account. Also referred to as cash reserve checking. Overdraft… … Investment dictionary
credit line — / kredɪt laɪn/ noun an overdraft, the amount by which a person can draw money from an account with no funds, with the agreement of the bank ♦ to open a credit line or line of credit to make credit available to someone … Dictionary of banking and finance
overdraft checking account — A checking account associated with a line of credit that allows a person to write checks for more that the actual balance in the account, with a finance charge on the overdraft. Bloomberg Financial Dictionary … Financial and business terms
overdraft — noun Date: 1845 1. an act of overdrawing at a bank ; the state of being overdrawn; also the sum overdrawn 2. line of credit … New Collegiate Dictionary
overdraft protection — / əυvədrɑ:ft prəˌtekʃ(ə)n/ noun a system which protects a customer from overdrawing his account, either by switching money automatically from another account, or by offering a line of credit … Dictionary of banking and finance
overdraft checking account — a bank account with a credit line permitting checks to be written for an amount above the account balance, subject to a finance charge on the overdraft. * * * … Universalium
