Meaning of the word redlining in English

What does redlining mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

redlining

US /ˈrɛdˌlaɪnɪŋ/
UK /ˈredlaɪnɪŋ/

Noun

a discriminatory practice by which banks, insurance companies, etc., refuse or limit loans, mortgages, insurance, etc., within specific geographic areas, especially inner-city neighborhoods

Example:
The historical practice of redlining has had lasting negative effects on minority communities.
Activists are fighting against modern forms of redlining in housing and finance.