Ask Question
30 January, 23:52

Bigbux Savings and Loan agreed to extend Appleman's Orchards $250,000 of unsecured short-term funds, contingent upon the bank having the funds available. This arrangement represents a (1) pledge agreement. (2) line of credit. (3) factoring agreement. (4) trade voucher.

+5
Answers (1)
  1. 31 January, 02:37
    0
    (2) line of credit.

    Explanation:

    A line of credit is an agreement that states that a bank will extend a specified amount of unsecured short-term credit to a business, provided that the bank has the funds available.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Bigbux Savings and Loan agreed to extend Appleman's Orchards $250,000 of unsecured short-term funds, contingent upon the bank having the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers