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Title: A line of credit is unsecured, that is, there is no pledge of specific assets backing the loan. But ... Post by: stranahan on Nov 18, 2016 A line of credit is unsecured, that is, there is no pledge of specific assets backing the loan. But companies can pledge assets against borrowed funds. These are called secured loans.
A) True B) False Title: Re: A line of credit is unsecured, that is, there is no pledge of specific assets backing the loan. ... Post by: BleedingDr on Nov 18, 2016 Content hidden
Title: Re: A line of credit is unsecured, that is, there is no pledge of specific assets backing the loan. But ... Post by: stranahan on Jan 6, 2017 Thanks ^-^
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