Advertising

Operating change restrictions

• Contractual restrictions that a bank may impose on a firm as part of a line of credit agreement.

 
 Embedded terms in definition
 Credit
Firm
Line of credit
 
 Related Terms
 

<< Operating cash inflows Operating cycle >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

What looks like a loss may be the very event which is subsequently responsible for helping to produce the major achievement of your life. Srully D. Blotnick

Advertising



Copyright 2009-2019 GVC. All rights reserved.