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

UK /ˈredlaɪnɪŋ/

the practice of refusing to lend money, give mortgages ,or sell home insurance to people living in poor areas, or of charging them high rates for this:

Example:
The institution has fought against redlining of financial services in minority neighborhoods.