Match the term with its definition.
-An installment loan from a seller of machinery used by a business
12. 1/100th of 1 percent when quoting an interest rate
A) Asset-based loan
B) Basis point
C) Chattel mortgage
D) Equipment loan
E) LIBOR (London InterBank Offered Rate)
F) Line of credit
G) Prime rate
H) Purchase-order financing
I) Term loan
Correct Answer:
Verified
Q102: Match the term with its definition.
a.Asset-based loan
b.Basis
Q112: Match the definition with its term.
-An SBA
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Q122: Match the term with its definition.
-Obtaining cash
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Q132: Match the term with its definition.
-The interest
Q136: Match the term with its definition.
-A line
Q137: Match the definition with its term.
-Privately owned
Q139: Match the definition with its term.
-Individuals who
Q144: Gina owns a clothing resale store in
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