X-Nico

2 unusual facts about line of credit


Flamingo Resort, Inc. v. United States

The Flamingo Resort, a Las Vegas casino, routinely extended lines of credit to some of its customers in order to help facilitate gambling in the casino.

SLOC

Secured Line of Credit, a type of credit source extended to a government, business or individual by a bank or other financial institution


WolfBlock

On March 23, 2009, the firm's partners voted for an orderly unwinding and dissolution of the firm, due in part to difficulties the firm was having in continuing its line of credit with Wachovia.


see also

Marcel Ospel

In 2001, he was criticized for evading requests to extend Swissair's line of credit, leading some people to believe that the dramatic grounding of Swissair planes on October 2 was Ospel's responsibility.