on approved credit

on approved credit
/ɒn əˌpru:vd 'kredɪt/ adjective US
showing that a bank loan has been made available to a client who has a good credit history.
Abbreviation OAC

Dictionary of banking and finance. 2015.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • With Approved Credit - WAC — A condition requiring a purchaser using financing to have adequate credit as approved by his or her financial lending institution for the transaction to go through. The use of the condition of with approved credit can be found in the financing of …   Investment dictionary

  • credit counseling agency — Agency approved by the office of United States Trustee to offer credit counseling to potential debtors. A certificate from an approved credit counseling agency certifying course completion is required to file individual bankruptcy. (Bernstein s… …   Glossary of Bankruptcy

  • Credit ombudsman service — Limited Type Non Profit Industry Ombudsman Service Founded June 18, 2003 in Sydney, Australia Founder( …   Wikipedia

  • credit, post-petition — The debtor in possession is allowed to incur unsecured debt in the ordinary course of business without prior court approval. Such debt will be considered a post petition claim, also referred to as an administrative expense claim. To have the new… …   Glossary of Bankruptcy

  • Credit counseling — (known in the United Kingdom as debt counseling) is a process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan and Budget. Credit… …   Wikipedia

  • Credit Valley Conservation — (CVC) Founded 1954 Location Mississauga, Canada Key people Rae Horst, CAO Pat Mullin, Chair Area served …   Wikipedia

  • approved fund — USA approved fund, {{}}Also known as related fund or fund. A term used to describe a certain type of eligible assignee under a loan agreement. Typically defined as an entity that is engaged in making, purchasing, holding or investing in bank or… …   Law dictionary

  • credit counseling — Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the 2005 bankruptcy law, a debtor must undergo credit counseling with an approved… …   Law dictionary

  • Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • Credit unions in the United States — Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account Money market account Certificate of deposit …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”