The amount of credit that may be extended to a borrower by a lender. This type of arrangement gives a borrower more flexibility in planning for operating expenses.
Other terms explained in the Business Loans Glossary
Business Loans Glossary: Line of Credit
Business Loans Glossary: Line of Credit
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Article Id: 94 - Version: 3 - Created: 25-02-2008 - Last Updated: 26-03-2008 - Hits: 415
Categories: Glossary
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