It is a formal, legal commitment to extend credit up to some maximum amount over a stated period of time.
A. Letter of credit
B. Revolving credit agreement
C. Line of credit
D. Trade credit
It is a formal, legal commitment to extend credit up to some maximum amount over a stated period of time.
-
answerhappygod
- Site Admin
- Posts: 899604
- Joined: Mon Aug 02, 2021 8:13 am
It is a formal, legal commitment to extend credit up to some maximum amount over a stated period of time.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!