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.

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.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Credit Union Australia — Infobox Company company name = Credit Union Australia company company type = Public company slogan = A change for the better foundation = 1966 location = Brisbane, Sydney, Melbourne Australia key people = Rob Nicholls (Acting) Chief Executive… …   Wikipedia

  • Credit union — Financial market participants Collective invest …   Wikipedia

  • revolving line of credit — A type of credit facility. A term that can be confusing, with different banks using the term to describe different types of credit facilities. 1. In some banks, revolving line of credit refers to a credit facility that permits the borrower to… …   Financial and business terms

  • List of Onedin Line episodes — The Onedin Line episode list shows details of the 91 episodes of the BBC television series The Onedin Line. Contents 1 Series 1 2 Series 2 3 …   Wikipedia

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

  • National broadband plans from around the world — Broadband is a term normally considered to be synonymous with a high speed connection to the internet. The term itself is technology neutral; broadband can be delived by a range of technologies including DSL, LTE or next generation access. This… …   Wikipedia

  • Economy of the People's Republic of China — Economies of Special Administrative Regions of Hong Kong and Macau are administered separately from the rest of People s Republic of China. Therefore, the information below pertains only to mainland China unless specified otherwise. For the… …   Wikipedia

  • Vertigo (DC Comics) — Vertigo Industry Publishing Founded 1993 (launch) Key people Karen Berger Products Adult comic books (see …   Wikipedia

  • Subprime crisis impact timeline — The subprime crisis impact timeline includes government laws, regulations and entities and their effect on private institutions; information and statistics about governmental and private activities and trends; and details of important incidents,… …   Wikipedia

  • open — verb To render accessible, visible, or available; to submit or subject to examination, inquiry, or review, by the removal of restrictions or impediments @ open a case In practice, to open a case is to begin it; to make an initiatory explanation… …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.