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In which type of credit does the bank allow you to borrow money up to a specific amount
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In which type of credit does the bank allow you to borrow money up to a specific amount

User Sveinungf
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2 votes

Answer:

Term loan, which is defined by a specific amount, tenor (that may vary from 1-10 years) and a specified repayment schedule. These loans could be secured (usually for higher risk borrowers) or unsecured (for investment-grade borrowers), and are generally at floating rates.

User Noamiko
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1 vote

Answer:

revolving credit

credit limit

Explanation: plato users

User Akhil Latta
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