Examlex
People who have changed jobs frequently or who have gaps in their employment should probably prepare a résumé using the functional format.
Line of Credit
An arrangement between a financial institution and a customer that establishes a maximum loan balance the borrower can access.
Clean-Up Requirement
A term often used in banking, referring to a requirement that a borrower must pay down a line of credit to zero or to a specific level at least once within a certain period.
Loan Payoff Requirement
The terms or conditions under which a borrower is obliged to repay the principal and interest on a loan.
Debt Free Period
A timeframe during which an individual or organization has fully paid off all outstanding debts, owing no money to creditors.
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