A loan with a financial institution for which a borrower has been preapproved. The borrower has constant access to the funds, even once they have used and paid off the loan.

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