In Relation to Long-Term Financing,a Fully Drawn Advance Is A

question 23

Multiple Choice

In relation to long-term financing,a fully drawn advance is a:

• A) a bank loan advanced for a precise period for an unspecified purpose.
• B) A term loan where the full amount is provided at the start of the loan, usually for a specified purpose.
• C) A term loan where the borrower has the option of putting its operating account in deficit up to an agreed limit.
• D) A term loan where the bank does not pay out the loan until after a specified period.

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