What is a line of credit Why would a bank require a company with a line of credit to have a zero balance for at least sixty days a year in its line of credit ...

A line of credit is an unsecured bank loan whereby the bank a ...

What is a line of credit? Why would a bank require a company with a line of

Question:

What is a Why would a bank require a company with a to have a zero balance for at least sixty days a year in its Line of Credit
A line of credit (LOC) is a preset borrowing limit that can be used at any time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit. A LOC is...