Catchword: monoline

Filed under: United States, Money & Finance, Jargon

Part of speech: n.

Quotation: The Fed defines a “large” credit card bank as a federally insured financial institution with assets in excess of $200 million, and the bulk of those assets in consumer lending with at least 90% of loans originated using credit cards or related products. In banking parlance, these institutions are known as “monolines.”

Article or document title:
“Credit Card Banks Continue to Post Profits” (URL)

Article, document, publication, web site:
Green Sheet

Publishing location:
Rohnert Park, California

Date of publication:
July 2, 2004

This cite belongs to a full entry for monoline.