Which of the following is not a characteristic of a line of credit?
A) Issued at a discount
B) Type of bank financing
C) Carries interest on the amount borrowed plus a commitment fee on the unused balance
D) Can be one of several different types including operating line of credit, revolving line of credit

Question

Quizplus · Accepted Answer

Lines of credit are not issued at a discount; instead, they typically involve interest charges on the amount borrowed and may include a commitment fee on the unused portion.

Which of the Following Is Not a Characteristic of a Line