GUIDANCE LINE
\ɡˈa͡ɪdəns lˈa͡ɪn], \ɡˈaɪdəns lˈaɪn], \ɡ_ˈaɪ_d_ə_n_s l_ˈaɪ_n]\
Sort: Oldest first
-
A BANK LINE granted to a customer that is used by the lending institution for internal management purposes and is not specifically communicated to the customer. Since the client pays no COMMITMENT FEE, the guidance line can be cancelled or withdrawn by the lender at any time. See also ADVISED LINE.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.