line of credit definition

line of credit

Banking: Alternative term for overdraft.

Trading: Extent to which a seller will extend credit payment terms to a buyer. It is the total of the amounts of (a) unpaid invoices, (b) goods in transit, and (c) orders confirmed but yet to be shipped.

line of credit is in the Advertising, Marketing, & Sales and Banking, Commerce & Finance subjects.

line of credit appears in the definitions of the following terms: loan commitment, cleanup period, cash capability, use, master lease, commitment, backup credit, open end credit, overdraft and cash

line of credit appears in the other term: guidance line of credit

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