Examlex
Gabriel's demand for chocolate bars is inelastic.If the price of chocolate bars increases,he will ________.
Loan Against Inventory
A type of financing where a loan is given to a company based on the value of its inventory which serves as collateral.
Line of Credit
An arrangement between a financial institution and a client that establishes a maximum loan balance that the borrower can access.
Commitment Fee
A fee charged by a lender to a borrower for an unused credit line or undisbursed loan, serving as compensation for keeping funds available.
Commitment Fee
A fee charged by a lender to a borrower for an agreed loan that has not yet been utilized, ensuring the availability of the loan for a specified period.
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