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

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Backup Line. Payroll & Accounting Heaven Ltd.
December 07, 2021
Chicago Manual of Style (CMS):
Backup Line. Payroll & Accounting Heaven Ltd. (accessed: December 07, 2021).
American Psychological Association (APA):
Backup Line. Retrieved December 07, 2021
, from website:

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.