This is a paydown period at the end of a line of credit’s annual term. Borrowers must exercise a 20 to 60 day duration without overdraft on their credit account in order to demonstrate financial responsibility.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser