A line of credit allows borrowers to obtain a number of loans without re-applying each time as long as the total of borrowed funds does not exceed the credit limit. One link equals 7.92 inches or 0.66 feet. There are 100 links of equal length in a surveyor's chain. The practice was prohibited in 1985 by the Federal Home Loan Mortgage Corporation. See no load fund.
Loan is the noun.
Steps can include rescheduling loan payments into lower installments over a longer period of time so that the entire outstanding principal is eventually repaid. See classification of assets. The amount established is the lower of the cost of the asset or the current market value. Under this method, assets must be written down if the market value falls below the cost. They may also be written up but not above their amortized cost.