Minimum Cash Balance Maintained in the Bank Account Is Called

question 96

True/False

Minimum cash balance maintained in the bank account is called line of credit.

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Definitions:

Leasing

A financial arrangement where a firm or individual obtains the use of an asset for a specific period in exchange for payment, typically without owning the asset.

Tax Deduction

An eligible expense that can reduce an individual's or company's taxable income.

Depreciation Tax Shield

A reduction in taxable income for businesses, reflecting the depreciation expense on tangible assets.

Leased Asset

An asset that is rented under a contract, where the lessee has the right to use it for a specified period in exchange for payment to the lessor.