Backup Line

Business, Legal & Accounting Glossary

Definition: Backup Line


Backup Line


Full Definition of Backup Line


An additional line of credit provided to the issuer of commercial paper as a type of insurance plan to cover maturing notes in the event that they are unable to be replaced by selling new notes. By receiving this extra line of credit, the commercial paper issuer should be covered if losses occur, but most times the line of credit is less than the value of the original notes.


Cite Term


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https://payrollheaven.com/define/backup-line/
Modern Language Association (MLA):
Backup Line. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/backup-line/.
Chicago Manual of Style (CMS):
Backup Line. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/backup-line/ (accessed: December 07, 2021).
American Psychological Association (APA):
Backup Line. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/backup-line/

Definition Sources


Definitions for Backup Line are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.