What is a closed line of credit

Answers

Answer 1
Answer:

A closed line of credit is a line of credit with a fixed total amount.

Answer 2
Answer:

You may start out with a "line of credit" agreement with a bank that allows you to create relatively small loans by the bank to yourself at a specified interest rate and under other specific terms. Of course you must repay these loans, with interest, and that's how the bank makes its money.

If you fail to repay the bank, the bank may close your account and demand that you immediately repay all the money you owe it. A "closed line of credit" is a pretty sad thing.



Related Questions

Which equations illustrate the associative property of addition? Choose exactly two answers that are correct. A. (11 + 2.2) + (–5) = 11 + [2.2 + (–5)] B. –3 • (5 + 8.5) = –3 • 5 + (–3) • 8.5 C. + 1.8 = 1.8 + D. –7 + [4 + (–2.1 • 6)] = (–7 + 4) + (–2.1 • 6)
I Need help asp and thank youX is -8 and Y is 8 for L X is 0 and Y is 4 for M 1) Calculate the slope between point L and point M using the change in y and the change in x. Show all work in the formula.
Algebra 7/8 x c for c=8
How to find the correct unit of measurement? I am struggling with this. What is the difference between ft³, ft and ft²? Example: the length of a rectangular play area is 40 ft. The width of the play area is 20 ft. Which is the correct unit of measurement to use when figuring out how much fence is needed to surround the play area?A.ft³B.ftC.ft²
If an 8 min 22-second video is played at .25 the original speed, how long will it take to watch the video?

Why is 8(s-3) considered a single term when (s-3) is the difference of two terms?

Answers

When you have 8(s-3) you are find a product of 8 times whatever s-3 is however s-3 you are find the difference between whatever s is and 3.

How do figure out 120/f = 1.2?

Answers

(120)/(f) = 1.2 \ \ /*f\n \nf\neq 0 \n \n120=1.2f \ \ / *10\n \n120*10=1.2*10*f \n \n1200=12f /:12\n \n f=(1200)/(12)\n \nf=100
1.2 x 120 = 100

f = 100

What's is 7x90 it not hard it's not easy it medium

Answers

90 × 7 = 630 , it's not hard, it's easy

Answer:

630

Step-by-step explanation:

How many times does 5 go in 8

Answers

Once, it goes into eight once.
If it went in there two times you'd have 10, and so on.

Hope this helps.
5+5=10 8-5=3 so 5 can go into 8 1 time, and 3 will be left over.

Hope this helps.


katia makes crafts using glass jars She can buy packages of 12 jars for $9 how many jars can kitia buy with $45

Answers

Hello!

If Katia can buy packages of jars for $9, we can determine how many packages she can purchase with $45 by using the formula:

45/9 = 5

We divide the total number of money that she has by the amount of money one package of jars costs. Now, the question also asks how many jars she can buy, not just how many packages.

We know that she can buy 5 packages, and that there are 12 jars in each package. To find the total number of jars she can buy, we will multiply 5 by 12.

5 x 12 = 60

Katia can buy 60 jars with $45.

I hope this helps you! Have a lovely day!

- Mal

ms.Alonzo ordered 4,000 markers for her store. only one tenth of them arrived . how many markers did she receive

Answers


Ms. Alonzo received 400 markers because one tenth of 4000 is 400. Hope this helped! 

400 because another way to find one tenth of something is to divide by 10 so you would simply do 4,000 divided by 10 to get 400. HOPE I HELPED!!!