Tip - How Line of Credit Works - Video | Investopedia

Published  | Submitted by Tcboy 88
How Line of Credit Works - Video | Investopedia

A line of credit is an arrangement where a bank offers a maximum loan amount that the borrower can draw upon at any time. The borrower – which can be an individual, business or government entity – has the flexibility to take out as much as they want, up to the maximum amount.
Tags: line of credit,personal loan,small business loans

About Author

More by Tcboy 88

About This Tip

Posted: 9 years, 3 month(s) ago

183 Reads
0 Votes