Another Name for Credit When Loans Are Made on a Continuous

question 124

Multiple Choice

Another name for credit when loans are made on a continuous basis and borrower is billed periodically for at least partial payment is known as:

• A)a line of credit.
• B)convenience credit.
• C)revolving credit.
• D)installment credit.
• E)bank card credit.

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Definitions:

Operational Risk

A measure of a firm’s inability to document the work remote employees do, describe the different situations they might face, and direct their responses in each scenario.

Outsourcing Vendor

A third-party company that provides services or performs tasks that a company might otherwise have done in-house, often to save costs or access specialized expertise.

Insourcing

The practice of using an organization's internal resources to complete tasks or projects that could be outsourced to external providers.

Outsourcing

The business practice of hiring a party outside a company to perform services and create goods that traditionally were performed in-house by the company's own employees.