line of credit
Defined in 5 places across 4 titles of the United States Code.
The term “line of credit” means an arrangement or agreement between the lender and the borrower whereby a loan is paid out by the lender to the borrower in annual installments, or whereby the lender agrees to make, in addition to the initial loan, additional loans in subsequent years.
Same definition in 2 sections
- 1994–present20 U.S.C. § 1085Education · Definitions for student loan insurance program · as used in this part
- 1994–present42 U.S.C. § 292OThe Public Health and Welfare · Definitions · for purposes of this subpart
Line of credit.—The term “line of credit” means an agreement entered into by the Secretary with an obligor under section 184 to provide a direct loan at a future date upon the occurrence of certain events.
Source
- 1998–present23 U.S.C. § 181Highways · 181 to 190. Renumbered 601 to 610] · in this subchapter
Line of credit.—The term “line of credit” means an agreement entered into by the Secretary with an obligor under section 41763(d) to provide a direct loan at a future date upon the occurrence of certain events.
Source
- 2000–present49 U.S.C. § 41762Transportation · Definitions · in this subchapter
Line of credit.—The term "line of credit" means an agreement entered into by the Secretary with an obligor under section 604 to provide a direct loan at a future date upon the occurrence of certain events.
Source
- 2005–202223 U.S.C. § 601Highways · Generally applicable provisions · in this section
The term “line of credit” means an agreement entered into by the Secretary with an obligor under section 604 to provide a direct loan at a future date upon the occurrence of certain events.
Source
- 2021–present23 U.S.C. § 601Highways · Generally applicable provisions · in this section