bank credit definition

  • noun:
    • a credit by which a person who has given the desired protection to a bank features freedom to-draw to some extent arranged.
    • See under Cash.
    • A credit with a bank, wherein, on proper protection fond of the lender, a person obtains liberty to-draw to some extent agreed upon: in Scotland also called a cash-account. Such credits had been very long a unique function of Scotch financial.
    • a credit by which somebody who gave the required safety to a bank has actually liberty to-draw to some extent agreed upon.
    • See under Money.
    • A credit with a bank, in which, on appropriate security directed at the lender, you gets liberty to-draw to a certain degree decided: in Scotland also referred to as a cash-account. These types of credits were long an exceptional feature of Scotch banking.
89 votes

How would you define bank credit?

All the definitions on AZdictionary were written by people just like you. Now's your chance to add your own!