A Revolving Credit Agreement Is a Formal Line of Credit

question 84

True/False

A revolving credit agreement is a formal line of credit.The firm must generally pay a fee on the unused balance of the committed funds to compensate the bank for the commitment to extend those funds.

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Definitions:

Tobacco Smoke

Smoke that comes from burning tobacco products, containing harmful substances that can affect health.

Leading Cause

The primary factor or condition that is most significantly associated with a particular outcome or disease.

Infants

Very young children, usually from birth up to one year old, who are in the early stages of development.

Realize

To become fully aware of something as a fact; to understand clearly.