Standby Line of Credit

Filed Under » ,
Dictionary Says

Definition of 'Standby Line of Credit'

A sum of money, not to exceed a predetermined amount, that can be borrowed in part or in full from a credit granting institution if the borrower needs it. In contrast, an outright loan would be a lump sum of money that the borrower intended to use for certain.
Investopedia Says

Investopedia explains 'Standby Line of Credit'

A business might establish a standby line of credit with a financial institution in situations where the business needed to guarantee its ability to pay a certain amount of money to a client if the business fails to fully perform on a contract. In this situation, the standby line of credit would act as a performance bond. The standby line of credit might be used as a backup source of funding in case the primary source fails.
Search results for

'Standby Line of Credit'

  • 5 Lessons From The World's Biggest Bankruptcies

    http://www.investopedia.com/articles/economics/09/lessons-worlds-biggest-bankruptcies.asp
    ... But this does not preclude exploring other alternatives to build up a liquidity
    cushion, such as opening up a standby line of credit at your local financial ...

  • Fatal Seduction Of The Municipal Bond Insurers

    http://www.investopedia.com/articles/bonds/08/municipal-bond-insurance.asp
    ... as opposed to other methods such as bank letters of credit or standby purchase
    agreements. ... In the structured credit product line, monolines guaranteed ...

  • 6 Must-Have Features For The iPhone 5 - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/6-Must-Have-Features-For-The-iPhone-5.aspx
    ... Standby times are much longer, of course, but with all the games and activities ... The
    Bottom Line Apple lovers will flock to the iPhone 5 regardless of features ...

  • How To Winterize And Heat Your Home For Less - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1011/How-To-Winterize-And-Heat-Your-Home-For-Less.aspx
    ... to figures from the UK, 15 million household televisions are left on standby for
    20 ... The Bottom Line These tips will help you to keep hold of some of those hard ...

  • 5 Cheap Ways To Go Green - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0410/5-Cheap-Ways-To-Go-Green.aspx
    ... and boasts nine hours of talk time, and 200 hours of standby time in ... Using
    water-based glues, Simple Shoes' BioD line decomposes in approximately 20 years, ...

  • Outfox The Debt Collector's Hounds

    http://www.investopedia.com/articles/pf/08/deal-with-debt-collectors.asp
    ... confrontations, not realizing that these old standby threats are ... Collection Phone
    Calls Your first line of defense ... severely negative effect on your credit score ...

  • 7 Stable Investments For Your Retirement - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0711/7-Stable-Investments-For-Your-Retirement.aspx
    ... 3. CDs This tried and true standby can still provide steady interest and guarantee ...
    The Bottom Line These are just some of the alternatives that are available ...

  • Top 5 Easy Saving Tips - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/Top-5-Easy-Saving-Tips.aspx
    ... in the room, unplug the television and stop leaving things on standby, and you ... The
    Bottom Line By starting today and following these steps, you can easily have ...

  • Making Sense Of Generac's IPO

    http://stocks.investopedia.com/stock-analysis/2010/Making-Sense-Of-Generacs-IPO-BGG-CAT-CMI-HMC0302.aspx
    ... An Exit Strategy Generac is a dominant North American market share in standby
    generators. ... The Bottom Line If you bought shares in the Generac IPO, you might be ...

  • Marvell Technology: Not So Marvell-ous

    http://stocks.investopedia.com/stock-analysis/2011/Marvell-Technology-Not-So-Marvell-ous-MRVL-RIMM-AAPL-CHL-STX0309.aspx
    ... To the company's partial credit, margins held up ... What's more, the PC market may be
    in standby mode as ... The Bottom Line While even the most desirable names in the ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links