Lines of Credit Are Short-Term Loans That Are Secured by Collateral

question 139

True/False

Lines of credit are short-term loans that are secured by collateral.

---

Definitions:

Animism

The belief that objects, places, and creatures all possess a distinct spiritual essence.

Kick-stand

A device attached to a bicycle or motorcycle allowing it to stand upright without support from another object or person.

Bicycle

A human-powered, pedal-driven vehicle with two wheels attached to a frame, one behind the other, used for transportation, recreation, or sport.

Reversibility

A principle in cognitive development where an action can be reversed, returning to its original state.