If you're a business owner in trucking, whether you're managing a fleet or ...
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.
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OTHER TERMS BEGINNING WITH "L"
- Less-Than-Truckload (LTL) Carriers
- Letter of Comfort or Financial Capability Certification Program
- Letter of Credit
- Letter of Credit (L/C)
- Leveraged Buyout
- Liability
- LIBOR Rate
- Licensed Insolvency Trustee (LIT)
- Line of Credit (LOC)
- Line-haul Shipment
- Liquid Asset
- Liquidity
- Load Tender
- Load Tendering
- Loading Allowance
- Loan Covenant
- Loan-to-Cost (LTC) Ratio
- Loan-to-Value (LTV) Ratio
- Lock Box Payment Services
- Logbook
- Long-Term Debt (LTD)
- Low Boy (Heavy Equipment Hauler)
- LTL Shipment
- Lumping