jpruitt19551 jpruitt19551
  • 15-12-2021
  • Business
contestada

What is the difference between revolving and term credit?

Respuesta :

whitleyj3692 whitleyj3692
  • 15-12-2021

Answer: Revolving credit offers borrowers the option to draw funds up to a limit while ,Term credit is the agreement between a seller and buyer that lists the timing and amount of payments the buyer will make in the future.

Answer Link

Otras preguntas

Anyone may draft a bill and introduce legislation. True False
Which of the following statements about erosion is true? a. Erosion occurs as a result of drastic changes in temperature. b. Erosion occurs when wind or water m
The Whig party formed in 1843 supported
What is the best reason to conclude that the author wants the reader to admire American Indians?-The author uses words, such as “valiantly,” that have strong em
Which characteristic of transcendentalism does the following statement by Amos Bronson Alcott exemplify?
What information about Alice Walker's life MOST contributes to our understanding of this story from a Historical Perspective? 1. She was born in Eatonton, Georg
An air mass usually forms in an area of
The gas in a cylinder has a volume of 8 liters at a pressure of 104 kPa. The pressure if the gas is increased to 200 kPa. Assuming the temperature remains con
what gifts does Marielle tsukamoto remember receiving while she lived in Jerome
Leo Tolstoy's "How Much Land Does a Man Need?" presents a peasant, Pahom, who is overcome with greed and pride. The Devil tempts him to want more and more land