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The phrase "financing line" is correct and can be used in written English.
This phrase is typically used in a business context to refer to a loan or some other form of credit. For example, "The company was able to secure a $500,000 financing line from the bank."
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Portugal meanwhile said it would offer a financing line worth 20.0 billion euros ($27.45 billion) to guarantee the liquidity of its banks.
Similar(59)
Mr. Roberts's investigation eventually caused Wachovia to pull its financing lines, helping to push Archway into bankruptcy last fall.
The couple cannot close their deal, even though they have their financing lined up, until the building receives its final permits.
Neither proposal has firm financing lined up, instead relying on "highly confident" letters from their banks that they can raise the money.
Although John Larkin said he had construction financing lined up, the Larkin Tower never went ahead; the site was soon acquired by McGraw-Hill.
The European Central Bank has pumped hundreds of billions of extra euro-denominated financing into the banking system and revived emergency dollar financing lines with help from the Federal Reserve.
Some universities pay an additional amount for the summer months, but Mr. Stiglitz devotes summers to projects financed by foundations, some of it research projects, and he has financing lined up, he said.
In such a case, the company estimated, the stock price would plummet and liquidity demands would mount, but "we remain solvent – are able to manage liquidity through stress period as we reposition our business and stabilize our financing lines".
VENOCO Timothy Marquez, chairman and chief executive of Venoco, a California oil company, was able to acquire his publicly traded company with favorable terms and no financing lined up, without resistance from the board.
Heineken said that it planned to pay for the deal through cash on hand, an existing revolving credit facility and new financing lined up by its banks, Credit Suisse and Citigroup.
So even a methodical haircut would need to be preceded by a mechanism that shores up banks' capital and reinforces their financing lines; otherwise there might indeed be a post-Lehman style banking panic.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com