Personal Line of Credit
requires the principal amount to be paid only at the end of the tenor.
* A $225,000 first mortgage and $200,000 line of credit
for 309 West 103rd Street Apartment Corp., a four-unit co-op at 309 West 103rd Street in Manhattan.
A borrower should be experienced (or work with advisors who are experienced) in managing and modeling portfolio risk and assessing the size of the line of credit
with respect to the risk.
Secured business line of credit
: In a secured business line of credit
, the lender asks the borrower to pledge their assets against the loan as collateral.
According to the terms of the agreements, Ping An Bank will provide a RMB500 million line of credit
with a term of one year while Xiamen International Bank will provide a RMB500 million line of credit
with a term of two years.
* A $5.2 million first mortgage and $500,000 line of credit
for Ocean Harbor Club Owners, Inc., a 92-unit co-op at 4 Rose Street in Oceanside, NY;
A line of credit
reflects the potential for a long-lasting relationship between the bank and the borrower, a relationship that benefits both parties.
$5,000-$15,000 of Chicago deposit; line of credit
same as deposit.
Regulation Z, which implements the Truth in Lending Act, requires creditors to provide the brochure, or a suitable substitute, to consumers when an application form is provided for a home equity line of credit
DRPC obtained a line of credit
from a bank, evidenced by 14 promissory notes executed jointly by Don and the corporation.
in fact, the costs referred to in this TAM do not create loans at all, but instead create a line of credit
which may, or may not, be extended in the form of a loan.