What is Line Credit Account?

A line of credit is a revolving loan account which allows you to draw money when you need it from a bank or asset-based lender. Interest charges only occur once you borrow money but other fees many times are charged such as closing points or unused line fees.

Audio Definition/Pronunciation

How a Factoring Line of Credit Trumps Factoring and a Line of Credit

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Strengthen Your Trucking Company’s Financial Position with a Revolving Line of Credit

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OTHER TERMS BEGINNING WITH "L"