the practice (by a bank or group of banks) of refusing a loan to a person or country because of the presumed risks involved
redlining in American English
(ˈrɛdˌlaɪnɪŋ)
US
noun
the systematic refusal by some lending institutions or insurance companies to issue mortgage loans or insurance on property in certain neighborhoods regarded by them as deteriorating
Word origin
from the practice of outlining such areas in red on a map
redlining in Finance
(rɛdlaɪnɪŋ)
noun
(Finance: Mortgage)
Redlining is the bank practice of not lending in poor or minority areas.
The law was enacted in response to both intentional redlining and structural barriers to credit for low-income communities.
A US federal law requires banks and thrifts to offer credit throughout their entiremarket area and prohibits them from redlining.
Redlining is the bank practice of not lending in poor or minority areas.