Sentences with phrase «issuing revolving lines»
You can take the money in a lump sum or you can be issued a revolving line of credit.
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When a bank issues a credit card, a revolving credit line is created for the customer and this line of credit may be used by the card user to make purchases or to get cash advances (using your credit cards as ATM cards) when using the card.
Trade credit, also commonly known as vendor credit, is a line of credit issued by different companies and suppliers that offer revolving accounts only good with their business.
Bank of America issued the first true «all - purpose» credit cards with a revolving credit line, test marketing them in Fresno, California, in 1958.
Working with electric utilities and investment bankers across the country, Herbert Short helps his clients raise capital for energy projects through complex financing deals, including publicly issued taxable bond offerings, leveraged leasing transactions, tax - exempt bond offerings, revolving lines of credit, government - guaranteed financings and commercial paper transactions.