- Real Estate Term: Line Of Credit
Definition:
An amount of money stipulated by a commercial bank to an active customer on an annual basis. The balance normally must be brought to zero on an agreed upon regular date. (See commercial bank)
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I was very pleased with the way Marie handled the sale of my property. (She was) friendly, honest and very helpful. Marie did a great job in selling. She is a wonderful person. I would recommend her in the future.
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