What is the difference between a line of credit and a revolving credit agreement?
A line of credit is normally used by charitable and public-sector organizations, while a revolving credit agreement is usually used by private-sector business firms.
More money can be borrowed with a line of credit than with a revolving credit agreement.
There is no guarantee that the money will be available when it is requested in a line of credit, but there is an agreement that it will be available when requested in a revolving credit agreement.
A line of credit is only obtainable from a credit union, while a revolving credit agreement is only obtainable from a bank.
All of these

Question

Quizplus · Accepted Answer

The Answer of What is the difference between a line of credit and a revolving credit agreement?
A line of credit is normally used by charitable and public-sector organizations, while a revolving credit agreement is usually used by private-sector business firms.
More money can be borrowed with a line of credit than with a revolving credit agreement.
There is no guarantee that the money will be available when it is requested in a line of credit, but there is an agreement that it will be available when requested in a revolving credit agreement.
A line of credit is only obtainable from a credit union, while a revolving credit agreement is only obtainable from a bank.
All of these

What Is the Difference Between a Line of Credit and a Revolving