Bank loans often are arranged under existing lines of credit What is a line of credit How does a noncommitted line of credit differ from a committed line ...

Lines of credit permit a company to borrow cash from a bank up to a prearranged limit at a prede ...

Bank loans often are arranged under existing lines of credit. What is a line of credit? How

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Bank loans often are arranged under existing lines of credit. What is a How does a noncommitted differ from a committed line?

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...