The prime lending rate of commercial banks is an announced rate and is often understated from the
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A floating rate for the loan period.
A covenant that restricts the issuance of any new unsecured bonds during the existence of the loan.
The imposition of a compensating balance with an absolute minimum that cannot be met by current transaction balances.
The absence of a charge for any unused portion in the line of credit.
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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