Tip - How Line of Credit Works - Video | Investopedia

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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.
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Posted: 9 years, 2 month(s) ago

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