Examlex
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Personal Line
A personal line of credit, a type of unsecured loan that provides a borrower access to a set amount of money which they can borrow from as needed.
Prime Rate
The interest rate that banks charge their most creditworthy customers.
Loan Repayment
The process through which a borrower returns borrowed money to the lender, usually in scheduled installments.
Commercial Paper
An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories, and meeting short-term liabilities.
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