A Commitment Fee Is a Fee Charged on Unused Balance

question 98

True/False

A commitment fee is a fee charged on unused balance of a revolving credit agreement to compensate the bank for guaranteeing that the funds will be available when needed by the borrower.

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Definitions:

Corporate Social Responsibility

Practices and policies undertaken by corporations to positively impact society and the environment beyond their legal obligations.

Social Issues

Problems that influence a considerable number of individuals within a society, reflecting aspects of society that many people are concerned about.

Whistle-Blower

An individual who exposes illegal, unethical, or improper conduct within an organization, often risking their career to do so.

Pfizer

A global pharmaceutical corporation known for developing and distributing a wide range of medicines and vaccines.