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stranahan stranahan
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A line of credit is a secured bank loan whereby the bank agrees to lend a company up to a specific amount of cash, at the discretion of the company. In other words, it is just a pre-arranged loan.
A) True
B) False
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
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waspchichesterwaspchichester
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B -- A line of credit is an UNSECURED bank loan whereby the bank agrees to lend a company up to a specific amount of cash, at the discretion of the company. In other words, it is just a pre-arranged loan
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stranahan Author
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6 years ago
Thank you very much for this. It's really helpful.
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