An arrangement wherein a bank agrees to let a firm or an individual borrow on demand. The borrower is not obliged to take out a loan from the bank but he may do so if he demands it, provided, that he does not exceed the maximum amount allotted to him.
Related information about demand line of credit:
- Demand Line of Credit - Financial Dictionary - The Free Dictionary
Wikipedia encyclopedia ? Demand Line of Credit. Also found in: Dictionary/ thesaurus, Legal, Wikipedia, 0.01 sec. Demand line of credit. A bank line of credit that ...
- Demand line of credit - The Free Dictionary
(Economics, Accounting & Finance / Banking & Finance) US and Canadian another name for credit line. ThesaurusLegend: Synonyms Related Words Antonyms ...
- Demand line of credit - Legal Dictionary - The Free Dictionary
The maximum borrowing power granted to a person from a financial institution. Line of credit denotes a limit of credit extended by a bank to a customer, who can ...
- What is demand line of credit? definition and meaning
Definition of demand line of credit: An arrangement wherein a bank agrees to let a firm or an individual borrow on demand. The borrower is not obliged to take ...
- Financing Your Business With a Line of Credit - - Advanced ...
The interest rate on an asset based business line of credit is usually between one and three points lower than on an unsecured line. 3. Demand line of credit.
- Demand Line of Credit Definition
Demand Line of Credit Line of credit granted by a bank that allows day to day or on demand borrowings by customers.
- Private Client Line Q&A » Features » Capital Acumen Online
It is a securities-based demand line of credit. Use it to make a major purchase like real estate, pay for education, even restructure debt to potentially reduce ...
- Glossary on Trade Financing Terms - D
Demand line of credit: A line of credit arranged by a bank, enabling its clients to borrow on a daily or an on-demand basis. Français: Ligne de crédit à vue ...