Available credit
The amount of an agreed credit limit that remains unused and can still be drawn, subject to the lender’s terms.
Related terms
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Credit facility
An agreed source of borrowing that can be drawn subject to set limits and conditions, such as an overdraft or revolving loan.
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Credit limit
The maximum amount a lender agrees a borrower may owe under a credit facility at a particular time.
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Credit
Money, goods or services provided now with payment due later, usually under agreed terms.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help