bank credit
Borrowed purchasing power
Bank credit is the total amount of borrowing capacity a bank extends to a person or business.
It represents how much you can borrow through loans, credit lines, or overdraft facilities.
The company's bank credit allowed them to finance expansion without seeking outside investors.
Bank credit also refers collectively to all lending activity within a banking system: Tight monetary policy restricted bank credit across the economy.
- personal loanUnsecured individual borrowing
- interest rateCost of borrowing money
- annual percentage rateYearly cost of borrowing
- interest paymentFee for borrowed funds
- collateralSecurity for debt
mortgage · good standing · secured loan · monetary policy · lending institution · borrowing power · cash advance · amortization · principal amount · business loan · loan officer · overdraft · repayment schedule · payday loan · promissory note · guarantor · debt-to-income ratio · loan agreement
bank creditpersonal savings
Individually accumulated wealth
equity · cash reserves · retained earnings · net worth · liquid assets
bank creditbank debt
Funds borrowed from lenders
bank loan · outstanding balance · liability · indebtedness · debit balance
bank creditbank deposit
Money entrusted to institution
bank debt · savings account · loan repayment · cash deposit · customer deposits
bank, credit, banks, banked, banking, banker, bankers, credits, credited