Essay
Match the term with its definition.
a.Asset-based loan
b.Basis point
c.Chattel mortgage
d.Equipment loan
e.LIBOR (London InterBank Offered Rate)
f.Line of credit
g.Prime rate
h.Purchase-order financing
i.Term loan
-An informal agreement between a borrower and a bank as to the maximum amount of funds the bank will provide an any one time
Correct Answer:
Verified
Correct Answer:
Verified
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