Here's a list of similar words from our thesaurus that you can use instead. Activity one engages in to make a living. a particular kind of product or merchandise; a particular kind of commercial enterprise; Line of business is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. The physical location for a specific activity designated in the incident management system. Sample 1 Based on 1 documents Examples of Principal Line of Business in a sentence All Free. Chambers of commerce and boards of trade are organizations of the same general type as business leagues. Related Content. see more » line - WordReference English dictionary, questions, discussion and forums. If the business defaults on the line of credit, the bank first tries to collect from the business and the owner. English Personal lines of credit are usually unsecured, meaning you don’t need to use collateral to take out the line of credit. Find Out if Your Business is Qualified. Register Now. . Meaning of line of business. Culture the City the City The business and financial centre of London is called the City or the City of London.It covers an area in east central London north of the River Thames, between Blackfriars Bridge and Tower Bridge.It is only about one square mile/2.5 square kilometres in size and is often referred to as the Square Mile. 4: Go back to Business Permit and License Division for the adding of the applied business line on the business permit. noun. A line of business is a general classification of business used by the insurance industry, such as fire, commercial, personal, auto, or residence. Definition of business line in the Definitions.net dictionary. Ultimately, the most accurate way to find out if you qualify for a business credit line is to apply — but you wouldn’t want to apply to many lenders only to get rejected or receive a disappointing offer. line of business. A company that manufactures solid state disk drives, for example, might claim their LOB is data storage. Many unsecured lines of credit come with a variable interest rate and are available for sums ranging from $10,000 to $100,000. Drive Digital Transformation Using a Composable Government Enterprise Roadmap. Secured lines of credit are backed by collateral, such as your house or a savings account. Some lenders even offer an access card to use in stores and for online shopping. It may or may not be a strategically relevant business unit. Need synonyms for line of business? The law makes no exception for business-to-business email. "Line of business" often refers to an internal … A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Proper usage and audio pronunciation (plus IPA phonetic transcription) of the word business line. Activity one engages in to make a living. 2. 12.minutes: Assessors: Type additional business line on Original Business Permit, Official Receipt Number, and date of approval. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies. business line, line of merchandise, line of products, product line, line. The insurance company didn't perceive that earthquake insurance would be a profitable enough line of business . A corporate opportunity refers to any business opportunity that may benefit a corporation. merchandise, product, ware - commodities offered for sale; "good business depends on having good … 5 ways to abbreviate Line Of Business. It does not include a group composed of businesses that market a particular brand within an industry. A small business line of credit is the perfect solution for unexpected misfortunes or opportunities. Webinar. Definition of business line in the AudioEnglish.org Dictionary. Advise the client to proceed to Business Permit and License Division . Webinar. An area of special knowledge, interest, or responsibility. Information and translations of line of business in the most comprehensive dictionary definitions resource on the web. New Line of Business means any service requested by Chordiant that does not fall under a Line of Business, and that requires resource types not already provided for under the Agreement, and where the existing pricing cannot be applied. Meaning of business line. line of business translation french, English - French dictionary, meaning, see also 'advice line',assembly line',bikini line',bottom line', example of use, definition, conjugation, Reverso dictionary What does business line mean? Property and casualty insurers currently make the most money from their auto insurance line of business . Get the most popular abbreviation for Line Of Business updated in 2021 Noun. The term is applied loosely such that any team that manages products and services is typically considered a business unit. That means all email – for example, a message to former customers announcing a new product line – must comply with the law. line, product line, line of products, line of merchandise, business line, line of business (noun) a particular kind of product or merchandise. A LOC is one of the tools a business can use to finance short-term working capital requirements, such as: It does not include a group composed of businesses that market a … With a small business line of credit, you only have minimum payments when you use the money. A business line of credit (BLOC) is a credit product and rates are based on creditworthiness and will vary with the market based on The Wall Street Journal Prime Rate. Information about business line in the AudioEnglish.org dictionary, … Definition of line of business in the Definitions.net dictionary. How to abbreviate Line Of Business? 1. a particular kind of product or merchandise. ( Insurance: General) A line of business is a general classification of business used by the insurance industry, such as fire, commercial, personal, auto, or residence . By logging in to LINE Business ID, you agree to the Terms of Use.. About LINE Business ID. Line of Business Defined. The term line of business generally refers either to an entire industry or to all components of an industry within a geographic area. The corporate opportunity doctrine governs the legal responsibility of directors, officers and controlling shareholders in a corporation, under the duty of loyalty, not to take such opportunities for themselves without first disclosing the opportunity to the board of directors of the corporation and giving the board the opportunity to decline the opportunity on behalf of the corporation. For exemption purposes, a line of business is a trade or occupation, entry into which is not restricted by a patent, trademark, or other means that allow private parties to restrict the right to engage in the business. demonstrate that each separate line of business is indeed qualified: • 50 Employees each separate line of business must have at least 50 employees (does not – apply in determining if a defined benefit plan satisfies the minimum participation requirements on a separate line of business basis) Each separate email in violation of the CAN-SPAM Act is subject to penalties … A business unit is an organizational structure such as a department or team that produces revenues and is responsible for costs. Information and translations of business line in the most comprehensive dictionary definitions resource on the web. There are business lines of credit, but we’ll look at lines of credit for personal use here. If this procedure is violated, and a co… sector (sĕk′tor) [L., cutter] 1. A business checking line of credit (CLOC) is a credit product with a fixed rate of 17.9% APR. What does business line mean? A definition of business unit. 2. Property and casualty insurers currently make the most money from their auto insurance line of business . 1. line of business - a particular kind of product or merchandise; "a nice line of shoes". Line of Business — a general classification of insurance industry business—for example, fire, life, health, liability. 2. a particular kind of commercial enterprise. The SBA guarantee makes the bank whole (up to 90% of the loan) only if … Businesses can be for-profit entities or non-profit organizations. Principal Line of Business means with respect to a Person a line of business representing more than 20% of such Person's revenues or earnings for the prior fiscal year. A small business line of credit is typically offered as unsecured debt, which means you don't need to put up collateral (assets that the lender can sell if you default on the debt). This term generally refers either to an entire industry or to all components of an industry. What does line of business mean? This collection can be done by pursuing pledged collateral and through other avenues. An LOB (line-of-business) is a general term that describes the products or services offered by a business or manufacturer. How to Apply for a Business Line of Credit 1. A line of business is a corporate subdivision focused on a single product or family of products. A business line of credit (LOC) is a revolving loan that allows access to a fixed amount of capital, which can be used when needed to meet short-term business, needs. Digital Business Success Needs a … Contexts. Check official receipt. Meaning of business line. Noun. Familiarity information: LINE OF BUSINESS used as a noun is rare. 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