What Was the Convict Lease System an Example Of

question 48

Multiple Choice

What was the convict lease system an example of?

• A) rehabilitation
• B) privatization
• C) decarceration
• D) penal help

---

Definitions:

Line of Credit

A financial arrangement providing the borrower the right to draw funds up to a specified limit at any time within a fixed period.

Compensating Balance

A minimum account balance that a borrower is required to maintain as a condition of borrowing from a lender, often used to offset the cost of maintaining the loan.

Accounts Payable Period

The average time it takes for a company to pay off its suppliers.

Credit Sales

Transactions in which goods or services are provided to a customer with the agreement that payment will be made at a later date.