Related Words

Bank Line: Line of credit that by a bank grants to a customer.

Line Of Credit: Also called an 'open line of credit' secured on your home. Often there are no closing costs involved, or the lender offers to pay all closing costs. Use like a checking account, borrowing cr . . . View Full Definition

Revolving Line Of Credit: A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of seve . . . View Full Definition

Backup Line: A commercial paper issuer's bank line of credit covering maturing notes if, for some reason, selling new notes to cover the maturing notes is not possible.

Mortgage Pipeline: The period from the taking of applications from prospective mortgage borrowers to the marketing of the loans.

Moscow Interbank Currency Exchange (MICEX): Established in 1992, the most liquid and best organized financial exchange in Russia.

Mortgage Pipeline Risk: The risk associated with taking applications from prospective mortgage borrowers who may opt to decline to accept a quoted mortgage rate within a certain grace period.

Mutual Savings Bank: A state-chartered savings bank that is owned by its depositors and managed by a fiduciary board of trustees.

National Bank Act Of 1863: In 1863, President Abraham Lincoln, at the urging of Salmon Chase, the Secretary of the Treasury, signed the National Bank Act. The Act established a national banking system and a uniform na . . . View Full Definition

Necessary Line: The imaginary line the offense must cross to achieve a new first down.