line of credit definition

line of credit definition

Glossary: line of credit

Line of Credit is the amount of credit that may be extended to a borrower by a lender. This type of arrangement gives a borrower more flexibility in planning for operating expenses.

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Definition: line of credit

Factoring provides cash to your business with no time delay from issuing invoices as well as sales ledger and collection services.

Accounts Receivables Financing (Factoring): The balance, less charges, is paid when the customer makes payment directly to the factor.

Factoring Glossary - Define: line of credit - 2004 HJ Ventures International, Inc.