A line of credit is an agreement to provide long-term financing, typically made with a bank or a group of banks.

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A line of credit is a type of short-term financing, usually made with a bank or a group of banks. It allows the borrower to access funds up to a certain limit over a specific period of time, and interest is charged only on the amount borrowed. Long-term financing typically involves loans or bonds with longer repayment periods.

A Line of Credit Is an Agreement to Provide Long-Term