As long as the borrower adheres to the conditions set forth in a revolving credit agreement, the bank is obligated to advance funds up to the agreed limit.

Question

Quizplus · Accepted Answer

This is the basic principle of a revolving credit agreement, where the borrower has access to a line of credit up to a certain limit and can withdraw money as needed as long as they comply with the terms and conditions of the agreement.

As Long as the Borrower Adheres to the Conditions Set