- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Lines of Credit - Summary of Line of Credit with Financial Institutions (Details) - USD ($) $ in Thousands		12 Months Ended
	May 15, 2020	Dec. 31, 2020	Sep. 30, 2021	Dec. 31, 2019
Line of Credit Facility [Line Items]
Committed line amount		$ 320,300	$ 0
UNITED WHOLESALE MORTGAGE, LLC
Line of Credit Facility [Line Items]
Committed line amount		320,300		$ 376,000
Line of credit facility, expiration date	Sep. 16, 2020
$400 Million Line of Credit Agreement Expiring December 31, 2022 \| UNITED WHOLESALE MORTGAGE, LLC
Line of Credit Facility [Line Items]
Maximum borrowing capacity		400,000
Committed line amount		$ 320,300		251,000
Line of credit facility, expiration date		Dec. 31, 2022
Line of credit facility, collateral fees amount		$ 989,500
$125 Million Line of Credit Agreement Expired September 14, 2020 \| UNITED WHOLESALE MORTGAGE, LLC
Line of Credit Facility [Line Items]
Maximum borrowing capacity		125,000
Committed line amount		$ 0		$ 125,000
Line of credit facility, expiration date		Sep. 14, 2020