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Credit extended from a bank or credit union when a checking account is empty

Credit extension 2025

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The document is a Credit Agreement dated December 17, 1999, involving Citadel Broadcasting Company and Citadel Communications Corporation as the Borrower, along with various lenders and agents including Credit Suisse First Boston. It outlines the terms under which the Borrower can obtain credit through Term Loans and Revolving Loans, detailing definitions, commitments, loan procedures, representations and warranties, conditions of lending, affirmative and negative covenants, events of default, and the roles of agents. The agreement specifies financial obligations, compliance requirements, and the management of collateral to secure loans.

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What is meant by credit extension?

money that is lent for a longer period of time than is usual or than was originally agreed: The airline asked for extended credit from three to six months. Small businesses are less likely to get extended credit terms from their suppliers. ECONOMICS.

What is a credit extension request?

A credit extension is a request to increase the amount of credit available to you from a lender.

What are extension of credit?

215.3 Extension of credit. (a) An extension of credit is a making. or renewal of any loan, a granting of a. line of credit, or an extending of credit. in any manner whatsoever, and in-

What does expansion of credit mean?

Credit expansion is the process by which economic agents grant credit. Since credit means deferred payment, credit expansion necessarily means deferring more payments. This process of deferring more payments inside the economic system can foster economic coordination, but it can also lead to intertemporal imbalances.

What does it mean to extend credit?

Also, extend someone credit . Allow a purchase on credit; also, permit someone to owe money. For example, The store is closing your charge account; they wont extend credit to you any more , or The normal procedure is to extend you credit for three months, and after that we charge interest .

What is an extension of credit?

(a) An extension of credit is a making. or renewal of any loan, a granting of a. line of credit, or an extending of credit.

Credit extension 2025

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Credit extension 2025

Here's how it works

The easiest way to edit Credit extension in PDF format online

Complete this form in 5 minutes or less

Got questions?

What is meant by credit extension?

What is a credit extension request?

What are extension of credit?

What does expansion of credit mean?

What does it mean to extend credit?

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