Examlex
Which of the following has the highest prevalence worldwide?
Line of Credit
An arrangement by which a bank agrees to lend a specified amount of money to an organization upon request.
Non-recourse Loan
A type of loan where the lender's ability to recoup losses is limited to seizing the collateral, with no right to pursue the borrower's other assets if the collateral’s value is insufficient.
Principal
An amount of money that is loaned or invested, excluding any interest or profit earned on it.
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