Line of Credit Definition - Business Communication Words
Finance offered to business by banks and other finance providers such as overdraft, on demand need; generally to help the business in short term financial needs.
"We dug into our line of credit at the bank when we had a short slump where our expenses exceeded our receipts."
"Our line of credit from the local bank is adequate for our needs so we won't require any others. "
"The line of credit we use the most is our floor plan, as it enables us to maintain inventory to supply the demand with."
"Our CFO manages our whole financial portfolio, including all lines of credit."
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