Lines of Credit Usually Charge a Variable Interest Rate, Tied

question 22

True/False

Lines of credit usually charge a variable interest rate, tied to the lender's prime rate.

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Definitions:

Health Savings Accounts

Tax-advantaged savings accounts available to individuals in the U.S. enrolled in high-deductible health plans, used to pay for medical expenses.

High-deductible

A term often used in insurance policies that require the insured to pay a significant amount out of pocket before the insurance coverage begins to pay.

Tax-free

Financial gains or earnings that are not subject to taxation by government authorities.

Health Care Industry

Comprises entities involved in providing medical services, manufacturing medical equipment or drugs, providing medical insurance, or otherwise facilitating the provision of healthcare to patients.