Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
that a specified
line of credit
will be made available to the named
at a certain
, during a certain
and, usually, for a certain purpose. The
often also specifies the terms and
under which the loan will be advanced. Lenders
(ranging generally from 0.5
to 2.5 percent of the loan amount) for giving a written
letter of credi...
You Also Might Like...
Why Good Credit Matters For Both Individuals and ...
In today's society having good credit is an important aspect of being able to afford necessities such as housing, transportation and insurance. Various businesses may offer products and services based on your credit worthiness and some employers may ...
How Credit Scores Help Consumers
For consumers, a credit score helps determine how much you pay for certain products and services. In some cases, it may even have an effect on your chances in obtaining employment. A credit score gives lenders an idea of your credit risk and ...
Types of Small Business Loans
How to Finance a Franchise Purchase
Establishing a franchise business gives you the advantage of working for yourself and at the same time, having access to the resources and know-how of the franchisor. Plan well and work hard and you will have the satisfaction of seeing your ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: