Only the Unused Portion of a Line of Credit Is

question 168

True/False

Only the unused portion of a line of credit is recognized as a liability.

---

Definitions:

Custodial Grandparents

Grandparents who are the primary caregivers of their grandchildren, assuming most or all of the responsibilities of raising them.

Responsibility

The responsibility or obligation to manage something or to oversee someone.

Enjoyable

Providing pleasure or delight; pleasing in nature.

Stereotypes

Oversimplified, generalized beliefs or ideas about a group of people, based on assumptions about traits, behaviors, and roles.