Line of Credit

RECENT NEWS
The Economic Times  Mar 17  Comment 
The move for specific solar projects comes at a time when China is striving to emerge as partner for much of the developing world.
Channel News Asia  Mar 10  Comment 
Greece will probably not need a precautionary credit line after its bailout ends in August if the country sticks to reforms, the head of Europe's rescue fund said in an interview released on Saturday.
Channel News Asia  Nov 30  Comment 
WASHINGTON: The International Monetary Fund announced on Thursday (Nov 30) it has approved a new US$88 billion credit line for Mexico, replacing the existing line. The two-year flexible credit line boosts Mexico's ability to immediately deal with...
Forbes  Oct 30  Comment 
With a business line of credit, you pay interest only on the amount of money you use, not the entire credit limit. With a loan, interest accrues on a lump sum of money that is borrowed.
Motley Fool  Oct 5  Comment 
What to do to better your chances of increasing your credit limit.
The Hindu Business Line  Sep 4  Comment 
Prime Minister’s visit to Nay Pyi Taw begins today




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A line of credit is an arrangement wherein a lender extends a specified amount of unsecured credit to an individual for a specified period of time. It may be in the form of a cash credit, bank overdraft, demand loan etc. and is often given to customers with good credit history to overcome liquidity problems.

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