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Bank line |
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Bank lineLine of credit that by a bank grants to a customer.Bank lineA moral, rather than a contractual commitment by a bank to provide a loan to a borrower up to a stated total amount over a stated period, typically one year.Because a bank line is not a legal commitment, it is not usual for a commitment fee to be charged. However it is often necessary to keep compensating balances on deposit, typically 10% of the bank line plus an additional 10% of actual borrowings. Where customers are officially notified in respect of a line the term is advised line or confirmed line. In cases where the bank sets an internal guide and the customer is not notified the term is guidance line. Bank line is also known as a line of credit.Similar MatchesInternet bankingInternet bankingA facility provided by banks enabling customers to conduct banking transactions through their personal computer and telephone line link via a modem. This system allows instant access to bank balances and the provision for transferring funds. Bankruptcy chargeBankruptcy chargeThis is an investigation carried out by the Land Charges Registry to check if a purchaser is or has ever been bankrupt. Most mortgage lenders will insist on this search being carried out and it usually carries a small charge. Development bankDevelopment bankA multilateral institution that provides financing for development needs of a regional group of countries. Examples include the African, Asian, and Inter-American Development Banks. Clearing House Interbank Payments System (CHIPS)Clearing House Interbank Payments System (CHIPS)An international wire transfer system for high-value payments operated by a group of major banks. Guaranteeing or Avalising BankGuaranteeing or Avalising BankThe person, bank, or financial entity who gives the guarantee for the importer. Further SuggestionsWorld BankBankruptcy risk Bank trust department Bank Letter of Credit Policy London interbank offered rate BBA British Bankers Association Bank anticipation notes (BAN) Merchant bank Exim bank Central bank Banking Delay Society for Worldwide Interbank Financial Telecommunications Bank run (bank panic) Moscow Interbank Currency Exchange (MICEX) Federal Land Bank Interbank rate Issuing bank Legal bankruptcy Foreign banking market International Bank for Reconstruction and Development (IBRD) banker's draft Federal Home Loan Banks mutual savings bank National Girobank Regional bank |
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