|personal line of credit (PLC)|
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Definition of personal line of credit (PLC)
personal line of credit (PLC)
A revolving source of credit with a pre-established limit. You access the funds only as you need them, and any amount that you pay back becomes accessible to you again. Unlike a personal loan, a plc permits you to write cheques and make bank machine withdrawals, and requires you to pay interest only on the funds that you actually use.
line of credit granted by a bank to a customer.
The requirement that a claim holder voting against a plan of reorganization
The line defined by every combination of the risk-free asset and the market portfolio.
line depicting the operating activities and cash flows for a firm over a particular period.
The market model applied to a single security. The slope of the line is a security's beta.
A method of analysis in which a firm is compared to others that have a desired
credit granted by a firm to consumers for the purchase of goods or services. Also called
The process of analyzing information on companies and bond issues in order to estimate the
Purchase of the financial guarantee of a large insurance company to raise funds.
The length of time for which the customer is granted credit.
The risk that an issuer of debt securities or a borrower may default on his obligations, or that the
A statistical technique wherein several financial characteristics are combined to form a single
The interest rate offered on an investment type insurance policy.
Lender of money.
Demand line of credit
A bank line of credit that enables a customer to borrow on a daily or on-demand basis.
lines of credit granted by banks (foreign or foreign branches of U.S. banks) for Eurocurrencies.
Intermediate-term loans of Eurocurrencies made by banking syndicates to corporate and
Revolving credit without maturity.
Federal credit agencies
Agencies of the federal government set up to supply credit to various classes of
Five Cs of credit
Five characteristics that are used to form a judgement about a customer's creditworthiness:
Foreign tax credit
Home country credit against domestic income tax for foreign taxes paid on foreign
Full faith-and-credit obligations
The security pledges for larger municipal bond issuers, such as states and
Investment product line (IPML)
The line of required returns for investment projects as a function of beta
Investment tax credit
Proportion of new capital investment that can be used to reduce a company's tax bill
Letter of credit (L/C)
A form of guarantee of payment issued by a bank used to guarantee the payment of
Line of credit
An informal arrangement between a bank and a customer establishing a maximum loan
Technique for finding the maximum value of some equation subject to stated linear constraints.
A statistical technique for fitting a straight line to a set of data points.
Log-linear least-squares method
A statistical technique for fitting a curve to a set of data points. One of the
Line of credit
An informal arrangement between a bank and a customer establishing a maximum loan
The period from the taking of applications from prospective mortgage borrowers to the
The risk associated with taking applications from prospective mortgage borrowers
Factoring arrangement that provides collection, insurance, and finance for accounts receivable.
Personal tax view (of capital structure)
The argument that the difference in personal tax rates between
An interest in an asset held by a trustee for the benefit of another person.
Project loan certificate (PLC)
A primary program of Ginnie Mae for securitizing FHA-insured and coinsured
credit granted by a firm to consumers for the purchase of goods or services.
Revolving credit agreement
A legal commitment wherein a bank promises to lend a customer up to a
Revolving line of credit
A bank line of credit on which the customer pays a commitment fee and can take
Security characteristic line
A plot of the excess return on a security over the risk-free rate as a function of
Security market line
line representing the relationship between expected return and market risk.
Simple linear regression
A regression analysis between only two variables, one dependent and the other explanatory.
Simple linear trend model
An extrapolative statistical model that asserts that earnings have a base level and
Straight line depreciation
An equal dollar amount of depreciation in each accounting period.
Bank borrowing facility to provide finance while the firm replaces U.S. commercial paper
credit granted by a firm to another firm for the purchase of goods or services.
A depreciation method that depreciates an asset the same amount for each year of its estimated
Buying or selling goods or services now with the intention of payment following at some time in
Purchases of goods or services from suppliers on credit to whom the debt is not yet paid. Or a
Generic types of assets, liabilities, income or expense that are common to all businesses and
One side of a journal entry, usually depicted as the right side.
A method of depreciation.
A commonly used term that refers to the net income (profit)
net income (also called the bottom line, earnings, net earnings, and net
This depreciation method allocates a uniform
Security Market Line
A graph illustrating the equilibrium relationship between the
an employee who is directly responsible for
a method of mathematical programming used to solve a problem that involves an objective function and multiple limiting factors or constraints long-term variable cost a cost that was traditionally viewed as a fixed cost
Management Accounting Guidelines (MAGs)
pronouncements of the Society of Management Accountants of
product line margin
see segment margin
an inventory ordering system in which a red
any line that goes through the means (or averages) of the set of observations for an independent variable and its dependent variables; mathematically, there is a line of “best fit,” which is the least squares regression line
representation of the amounts and timing of all
Procedure to determine the likelihood a customer will pay its bills.
Standards set to determine the amount and nature of credit to extend to customers.
line of credit
Agreement by a bank that a company may borrow at any time up to an established limit.
security market line
Relationship between expected return and beta.
Constant depreciation for each year of the asset’s accounting life.
A decline in the ability or willingness of banks to lend.
Restriction of loans by lenders so that not all borrowers willing to pay the current interest rate are able to obtain loans.
A line representing equilibrium in the goods and services market, on a diagram with aggregate demand on the vertical axis and aggregate supply on the horizontal axis.
Investment Tax Credit
A reduction in taxes offered to firms to induce them to increase investment spending.
Consumer Credit Protection Act
A federal Act specifying the proportion of
Personal Responsibility and Work Opportunity Reconciliation Act
A federal Act requiring the reporting of new hires into a national database.
Other-than-Temporary Decline in Market Value
The standard used to describe a decline in market value that is not expected to recover. The use of the other-than-temporary description as
Creditor Proof Protection
The creditor proof status of such things as life insurance, non-registered life insurance investments, life insurance RRSPs and life insurance RRIFs make these attractive products for high net worth individuals, professionals and business owners who may have creditor concerns. Under most circumstances the creditor proof rules of the different provincial insurance acts take priority over the federal bankruptcy rules.
A rating of a company's credit (ability to payback debt), usually by a third party credit agency.
A loan receivable that has proven uncollectible and is written off.
Financial and moral risk that an obligation will not be paid and a loss will result.
Conditions under which credit is extended by a lender to a borrower.
credit unions are community based financial co-operatives and most offer a full range of services. All are owned and controlled by members who are also shareholders. credit unions are regulated provincially and insured by a stabilization fund, deposit insurance or guarantee corporation.
Person or business that is owed money.
Export Credit Insurance
The granting of insurance to cover the commercial and political risks of selling in foreign markets.
Formalized Line of Credit
A contractual commitment to make loans to a particular borrower up to a specified maximum during a specified period, usually one year.
Full Credit Period
The period of trade credit given by a supplier to its customer.
Letters of Credit
A letter of credit is a guarantee of payment by a bank (issuing institution)to a third party for a specific amount of money, if certain conditions are met.
Line of Credit
An agreement negotiated between a borrower and a lender which establishes the maximum amount against which a borrower may draw. The agreement also sets out other conditions, such as how and when money borrowed against the line of credit is to be repaid.
Operating Line of Credit
A bank's commitment to make loans to a particular borrower up to a specified maximum for a specified period, usually one year.
Assets, the title of which are held personally rather than in the name of some other legal entity.
A legal document whereby an individual takes responsibility for payment of debt or performance of some obligation if the person/company primarily liable fails to perform.
Personal Overdraft Facility
A loan facility on a customers account at a financial institution allowing the customer to overdraw up to a certain agreed limit for an agreed period.
line of credit against which funds may be borrowed at any time, with regular scheduled repayments of a predetermined minimum amount.
Period of delay allowed by a firm's supplier to pay its invoices. Frequently, the terms are : 2% discount on invoice if paid in 10 days or net if paid in 30 days.
On your bank statement, 'credit' represents funds that you have deposited into your account. The opposite of a credit is a debit.
An organization that provides financial institutions with credit information concerning existing or potential customers who are looking to obtain credit services.
A revolving source of credit with a pre-established limit. You have to pay interest on a credit card if you have an outstanding balance.
A record of the funds which have been credited to your account.
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