A line of credit is a short-term loan used in a business to help with financing fixed assets.

Name: A line of credit is a short-term loan used in a business to help with financing fixed assets.
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A line of credit is actually a type of revolving credit, which allows a business to access funds up to a certain limit as needed. It is typically used for short-term cash flow needs, such as inventory purchases or accounts receivable financing. It is not specifically used for financing fixed assets.

A Line of Credit Is a Short-Term Loan Used in a Business