line of credit - definition of line of credit - An arrangement in which a bank or vendor extends a specified amount of unsecured credit to a specified borrower for a specified time ...
Learn about Bank of America Home Equity loans and lines of credit. Use calculators to get a customized low interest rate quote. Perfect for debt consolidation and home improvement.
A line of credit is any credit source extended to a business by a bank or financial institution. A line of credit may take several forms such as cash credit, overdraft, demand loan ...
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