Glossary entry (derived from question below)
English term or phrase:
line of credit
English answer:
overdraft facility
Added to glossary by
Kathi Stock
Jun 23, 2003 15:51
21 yrs ago
English term
India
20+ yrs. experience in language industry
Native in: Hindi 
, Nepali
Works in: English to Hindi, English to Nepali, Nepali to English, and 12 more.
line
Non-PRO
English
Bus/Financial
establishing a line of credit by an enterpreneur to start a business.
Responses
| 4 +5 | overdraft facility |
Kathi Stock
|
| 4 +8 | Explanation |
Kim Metzger
|
Responses
+5
7 mins
Kathi Stock
United States
United States
United States
With German Quality & Accuracy
Native in: German 
Works in: English to German, German to English
Related KudoZ points
:
4
Selected
overdraft facility
In case the contents is bank related I would say that an overdraft facility is meant.
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Note added at 2003-06-23 16:00:41 (GMT)
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Summary of Accounts
Membership Rewards
Offer ZoneSM
Customer Service
Log Out
Enjoy Additional Buying Power
Apply for a line of credit increase for your American Express Credit Card Account today! It\'s easy!
An increased line of credit for your American Express Credit Card Account gives you the freedom and flexibility to make more purchases or transfer balances from higher-rate credit cards.
www.americanexpress.com/cards/loc.shtml?link=benefits
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Note added at 2003-06-23 16:02:38 (GMT)
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I found a great site:
What\'s The Difference Between A Loan and Line of Credit?
A home equity loan uses the equity in your home to help you borrow money. When you decide on a Home Equity Loan, you have the option of choosing either a Home Equity Installment Loan or a Home Equity Line of Credit. The difference between these two types of Home Equity Loans is as simple as this:
www.pncbank.com/personal_finance/loan_center/loan_products/ home_equity_line_of_credit/0,3810,51,00.html
--------------------------------------------------
Note added at 2003-06-23 16:00:41 (GMT)
--------------------------------------------------
Summary of Accounts
Membership Rewards
Offer ZoneSM
Customer Service
Log Out
Enjoy Additional Buying Power
Apply for a line of credit increase for your American Express Credit Card Account today! It\'s easy!
An increased line of credit for your American Express Credit Card Account gives you the freedom and flexibility to make more purchases or transfer balances from higher-rate credit cards.
www.americanexpress.com/cards/loc.shtml?link=benefits
--------------------------------------------------
Note added at 2003-06-23 16:02:38 (GMT)
--------------------------------------------------
I found a great site:
What\'s The Difference Between A Loan and Line of Credit?
A home equity loan uses the equity in your home to help you borrow money. When you decide on a Home Equity Loan, you have the option of choosing either a Home Equity Installment Loan or a Home Equity Line of Credit. The difference between these two types of Home Equity Loans is as simple as this:
www.pncbank.com/personal_finance/loan_center/loan_products/ home_equity_line_of_credit/0,3810,51,00.html
4 KudoZ points awarded for this answer.
Comment: "good explanations and references!"
+8
2 mins
Kim Metzger
Mexico
Mexico
Native in English
&
English
Mexico
Committed to Quality and Service
Native in: English (Variant: US)
Works in: German to English
Related KudoZ points
:
2249
Explanation
Line of Credit
A loan arrangement in which the borrower may obtain advances from time to time up to a credit limit, repay these advances, and then again obtain new advances.
A loan arrangement in which the borrower may obtain advances from time to time up to a credit limit, repay these advances, and then again obtain new advances.
Peer comment(s):
| agree |
DGK T-I
6 mins
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| agree |
J. Leo (X)
28 mins
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| agree |
Empty Whiskey Glass
43 mins
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Mirelluk
: It covers several options
1 hr
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| agree |
Maria Knorr
3 hrs
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| agree |
Marie Scarano
5 hrs
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| agree |
David Moore (X)
19 hrs
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| agree |
RHELLER
1 day 10 hrs
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