Although there’s no fixed end date, the credit is only meant for short-term use because of its high interest rate
Although there’s no fixed end date, the credit is only meant for short-term use because of its high interest rate This is an open-ended credit agreement, which allows the borrower to make multiple draw-downs as long as it’s within the credit limit. Loan agreements may include a hypothetical repayment schedule over 10 months. What we [...]