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makalisek makalisek
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________ is an arrangement in which a financial institution makes money available for use at any time after the loan has been approved.

▸ Corporate bond

▸ Factoring

▸ Line of credit

▸ Lease agreement

▸ Commercial paper
Textbook 

Business in Action


Edition: 9th
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12Jfiscus12Jfiscus
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Line of credit

Line of credit is an arrangement in which a financial institution makes money available for use at any time after the loan has been approved. It is a common example of an unsecured loan.

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