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2 months ago
Which of the following terms best describes a loan where a larger line of credit or lower interest rate has been obtained by providing collateral to back that loan?

▸ a term loan

▸ a revolving line of credit

▸ a private placement

▸ an asset-backed line of credit
Textbook 

Fundamentals of Corporate Finance


Edition: 2nd
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2 months ago
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an asset-backed line of credit
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