bank line


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  • noun

Synonyms for bank line

the maximum credit that a customer is allowed

References in periodicals archive ?
The company plans to use the proceeds from the Rights Offering to reduce or retire the amounts outstanding under the Notes, reduce amounts outstanding under the bank line of credit, reduce accounts payable, and provide working capital.
The GMAC bank line is in addition to the Company's established trade credit facilities that provide up to $20 million in trade financing.
Statements in this news release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements concerning the accounting treatment of the debentures, the effect that the election to satisfy in cash all of the principal amount of the debentures upon conversion will have on CRA's diluted earnings per share, and that CRA's current cash balances, cash generated from operations and amounts available under its bank line of credit will be sufficient to meet the Company's anticipated working capital and capital expenditure requirements for at least the next 12 months.
Certica has taken over the Northwest Evaluation Association's (NWEA) Formative Assessment Item Bank line of business.
s (Conseco) short-term liquidity and its ability to successfully renegotiate or pay down the $766 million bank line maturing on Sept.
The Company also announced that it has closed on a $250 million unsecured five year revolving bank line of credit.
30, 1993: a) the issuance of the receipts from applicable Canadian Securities Regulatory Authorities for a final prospectus qualifying the convertible debentures and underlying common shares; b) establishment of at least Cdn$30 million of operating bank lines by Oct.
Fitch's expectation of full recovery on the secured bank lines, along with the relatively spare inclusion in Fitch-rated U.
Fitch's recovery analysis shows secured bank lines are expected to achieve full recovery while unsecured debtholders are likely to suffer substantial losses.
Additionally, approximately $53 million of the net proceeds will be used to pay down Wainoco's bank lines, including approximately $25 million which is expected to be reborrowed over the next year and a half to fund capital projects at the Frontier refinery.
As such, the Fund's Board of Trustees have authorized the Fund to secure bank lines of credit to be utilized at its discretion.
Bank lines and cash holdings would provide limited ability to financing operating losses upon the expiry of the support agreement with Ford (potentially at yearend 2005).