Search results
Results From The WOW.Com Content Network
A business line of credit gives companies a revolving line of credit to use as they need. You can explore a secured or unsecured line of credit. Eligibility criteria for lines of credit usually ...
COB – Close of Business. COC – Cost of Credit [2] or Cost of Capital [3] COD – Cost of Debt [4] or Cash on Delivery. COE – Center of Excellence or Cost of Equity [5] COGS – Cost of Goods Sold. Corp. – Corporation. COO – Chief Operating Officer. CPA – Certified Public Accountant. CPI – Consumer Price Index.
A secured line of credit requires some form of collateral, and you’ll typically get a better interest rate and attractive loan terms if you choose this option. An unsecured line of credit isn ...
A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A financial institution makes available an amount of credit to a business or consumer during a specified period of time.
A secured line requires collateral, while an unsecured line does not. Your potential credit line depends on several different factors, but it is possible to secure a line as large as $3 million. A ...
Warehouse line of credit. A warehouse line of credit is a credit line used by mortgage bankers. It is a short-term revolving credit facility extended by a financial institution to a mortgage loan originator for the funding of mortgage loans. The cycle starts with the mortgage banker taking a loan application from the property buyer.
A business line of credit (LOC) can provide financing for larger business expenses but could be more difficult to qualify for than a business credit card. An LOC offers financing for a defined ...
The credit conversion factor calculates the amount of a free credit line and other off-balance-sheet transactions (with the exception of derivatives) to an EAD amount [2] and is an integral part in the European banking regulation since the Basel II accords. In an off-balance-sheet product, the bank is obligated to provide the money to the ...