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Under Section 215.3 of. Regulation O, an extension of credit is defined to include the making or renewal of any loan, a granting of. a line of credit, or an extending of credit in any manner whatsoever, and specifically includes the.
Also known as a loan or credit facility agreement or facility letter. An agreement or letter in which a lender (usually a bank or other financial institution) sets out the terms and conditions (including the conditions precedent) on which it is prepared to make a loan facility available to a borrower. Facility agreement - Practical Law UK - Thomson Reuters thomsonreuters.com ? ... thomsonreuters.com ? ...
The Equal Credit Opportunity Act (ECOA) prohibits discrimination in any aspect of a credit transaction. It applies to any extension of credit, including extensions of credit to small businesses, corporations, partnerships, and trusts.
A line of credit (LOC) is a preset borrowing limit that can be tapped into at any time. The borrower can take money out as needed until the limit is reached. As money is repaid, it can be borrowed again in the case of an open line of credit. Line of Credit (LOC) Definition, Types, and Examples - Investopedia investopedia.com ? terms ? lineofcredit investopedia.com ? terms ? lineofcredit
Money that is lent for a longer period of time than is usual or than was originally agreed: The airline asked for extended credit from three to six months.
Creditor A creditor is an individual or institution that extends credit to another party to borrow money usually by a loan agreement or contract. What Is a Creditor, and What Happens If Creditors Aren't Repaid? investopedia.com ? terms ? creditor investopedia.com ? terms ? creditor
Extension of Credit means the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes. Extension of Credit meaning - loans - Money Stack Exchange stackexchange.com ? questions ? extensio... stackexchange.com ? questions ? extensio...
Extension of Credit means the making of a Borrowing, the issuance of a Letter of Credit or the amendment of any Letter of Credit having the effect of extending the stated termination date thereof or increasing the maximum amount available to be drawn thereunder.