Match the term with its definition.
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
-An informal agreement between a borrower and a bank as to the maximum amount of funds the bank will provide an any one time
Correct Answer:
Verified
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A) made by private lenders.
B)
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Q104: Small business investment companies (SBICs)
A)are licensed and
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A) is the sale of capital
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A) large
Q128: Match the definition with its term.
-An SBA
Q137: Match the definition with its term.
-Privately owned
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