Corporate Finance
Corporate Finance
3rd Edition
ISBN: 9780132992473
Author: Jonathan Berk, Peter DeMarzo
Publisher: Prentice Hall
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Chapter 27.3, Problem 1CC
Summary Introduction

To discuss: The difference between a committed line of credit and uncommitted line of credit.

Introduction:

Line of credit is another type of bank loan credit. The bank will offer a loan on the line of credit, according to its nature up to a maximum limit.

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What is noncommited and committed line of credit?
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