On-Line

(computer science) Pertaining to equipment capable of interacting with a computer.
(electronics) The state in which a piece of equipment or a subsystem is connected and powered to deliver its proper output to the system.

Category of insurance, such as the liability line, or the amount of insurance on a given property, such as a $500,000 line on the buildings of the XYZ Company. Term is also used generally, to refer to a product line. See also Bank Line.

1. Connected and turned on, as in a printer when it is ready to receive data from a computer or a computer when it is connected to a computer service through a modem or other electronic connecting device.

2. Information, messages, or data that are received through a computer that is connected to a computer service by a modem or other electronic connecting device.

Computer system where customer transactions are posted to a bank's central records, and directly to a customer's account, as they are made.

Most electronic banking systems, including Automated Teller Machine (ATM) networks and electronic Point-Of-Sale systems, are fully on-line systems, meaning that transactions are approved or rejected and funds are transferred between accounts as soon as they are entered into the system. See also Funds Transfer; Platform Automation.