The financial manager of Caroline Graphics negotiated a ________ with her bank that allows Caroline to borrow up to $50,000 without collateral.This arrangement eliminates the need to renegotiate the terms of the loan and complete new paper work each time Caroline borrows money.The preapproved loan agreement is contingent upon the bank having the funds available.

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The financial manager of Caroline Graphics negotiated a line of credit with the bank, which allows borrowing up to a certain limit without collateral. This type of loan agreement is preapproved and eliminates the need to renegotiate terms and complete new paperwork each time money is borrowed. It is contingent upon the bank having the funds available.

The Financial Manager of Caroline Graphics Negotiated a ________ with Her