Committed Credit Line

Dictionary Says

Definition of 'Committed Credit Line'

A monetary spending loan balance offered by a financial institution that cannot be suspended without notifying the borrower. A committed credit line is a legal agreement between the financial institution and the borrower outlining the conditions of the credit line. Once signed, the agreement requires the financial institution to lend money to the borrower, provided that the borrower does not break the conditions. Lenders may require the borrower to pay a fee based on the amount that can be borrowed.
Investopedia Says

Investopedia explains 'Committed Credit Line'

Committed credit lines differ from uncommitted credit lines in that they legally bind the lender to provide the funds, rather than giving the lender the option of suspending or canceling the credit line based on market conditions.

Search results for

'Committed Credit Line'

  • Business Plan: Your Financial Plan | Investopedia

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    ... If you have traditional telephone land line established in ... On It and The Importance
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    ... for next quarter as retailers had already committed to conservative ... To BJ Wholesale
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    ... so you're probably not all that committed to answering ... traveling, read 4 Tips For
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  • Does Going Green Hurt Shareholders?

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    ... years on energy efficient planes • Bank of America (NYSE:BAC) has committed $20
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  • 3 Steps To A Financially-Sound 2012 - Investopedia.com

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    ... and ensure that the cash you have committed is not ... by declining to accept any debit
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