EBK CORPORATE FINANCE
EBK CORPORATE FINANCE
4th Edition
ISBN: 8220103164535
Author: DeMarzo
Publisher: PEARSON
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Chapter 27.3, Problem 1CC
Summary Introduction

To discuss: The difference between a committed line of credit and uncommitted line of credit.

Introduction:

Line of credit is another type of bank loan credit. The bank will offer a loan on the line of credit, according to its nature up to a maximum limit.

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Students have asked these similar questions
What is noncommited and committed line of credit?
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What is a credit limit? How does it impact credit utilization (debit-credit ratio) and why is that important?
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