What is a line of credit? Describe each of the following features that are often included in

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What is a line of credit? Describe each of the following features that are often included in these agreements:
(a) Operating-change restrictions;
(b) Compensating balance; and
(c) Annual cleanup.

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Principles Of Managerial Finance

ISBN: 978-0136119463

13th Edition

Authors: Lawrence J. Gitman, Chad J. Zutter

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Question Posted: Mar 05, 2012 04:04 AM

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What is a line of credit? Describe each of the following features that are often included in

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A line of credit is an agreement between a commercial bank and a business that st...View the full answer

Principles Of Managerial Finance

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