How May a Firm Obtain an Unsecured Short-Term Bank Loan

question 222

Short Answer

How may a firm obtain an unsecured short-term bank loan?
Obtain open-book credit
Provide a fixed asset as a guarantee of payment
Pledge accounts receivable
Obtain a line of credit agreement
Obtain an inventory loan

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Definitions:

Acromegaly

A disorder in which too much growth hormone is produced in adults.

Gigantism

A condition in which too much growth hormone is produced in childhood, resulting in an abnormally increased stature.

Dwarfism

A condition in which too little growth hormone is produced, resulting in an abnormally small stature.

Cretinism

A condition arising from a severe deficiency of thyroid hormone in infants or young children, leading to stunted physical and mental growth.