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Credit line
Also: credit facility, borrowing limit, credit line. An amount up to which the bank will lend money to a particular customer. Customers can draw down any unutilized part of the credit line immediately as they require, without needing to submit a further application.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
- Acronym-Abbreviation:
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