Question: QUESTION 23 Covenants represent ________. the maximum that a creditor will allow a customer to owe at any point in time promises the company makes

QUESTION 23

Covenants represent ________.

the maximum that a creditor will allow a customer to owe at any point in time

promises the company makes to the creditor

the property that a company pledges to guarantee repayment

terms and conditions set forth in a lending agreement to reduce the probability of nonpayment

none of these choices are correct

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