A noncommitted line of credit is a formal agreement that allows a corporation to borrow up to

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A noncommitted line of credit is a formal agreement that allows a corporation to borrow up to a prearranged limit and also usually requires a commitment fee to have access to the funds.

True / False

Posted Date: Dec 06, 2021 09:29 AM

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A noncommitted line of credit is a formal agreement that allows a corporation to borrow up to

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1 False Uncommitted or non committed line of credit where the lender is not allowed or ... View the full answer

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