Which of the Following Is a Committed Line of Credit

question 54

Multiple Choice

Which of the following is a committed line of credit with no fixed maturity?

• A)a bridge loan
• B)evergreen credit
• C)a promissory note
• D)a blanket lien
• E)discount loan

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Definitions:

Dating Cohabitation

A living arrangement in which a couple who spends a great deal of time together eventually decides to move in together.

Census Bureau

A national agency responsible for collecting, analyzing, and publishing statistical data about the population, economy, and society of a country, typically on a regular basis.

Substitute Marriage Cohabitation

A living arrangement where couples live together as if married without legally formalizing the union.

Common-law Marriage

A marriage recognized in some jurisdictions, where a couple lives together for a period and presents themselves as married without having a formal ceremony or license.