Line Rendering mode hides the edge lines of objects that are behind other objects, giving a solid appearance. It is a more presentable and less complex version of Wireframe Rendering which means there are no colours, lighting or textures but only solid geometrics. This mode of rendering can be used to view the overall form/shape of a visual which would otherwise be to complex to understand if it was fully rendered.
View>Rendering>Hidden Line
Many designers have combined Line Rendering with Final Quality Rendering as a way of creating interesting visuals where the Line Rendering is used to show the form and shape of the design and the Final Quality rendering is manipulated to highlight key parts in the visual.
Dashed Line Rendering is much the same as Line Rendering but also incorporates the hidden lines as dashed lines.
View>Rendering>Dashed Line