What is the best description of a line of credit among the choices below? a short-term loan secured by Inventory a short term loan secured
What is the best description of a line of credit among the choices below?
| a short-term loan secured by Inventory | ||
| a short term loan secured by Accounts receivable (A/R) | ||
| a long term bank loan that is committed | ||
| a short term bank loan that can be either committed or non-committed |
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Authors: Louis Gapenski
5th Edition
1567936113, 978-1567936117
