A bank is legally obligated to provide credit under a revolving credit agreement,but not under a line of credit.

Name: A bank is legally obligated to provide credit under a revolving credit agreement,but not under a line of credit.
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A revolving credit agreement is a legally binding contract that obligates the bank to provide credit up to a specified limit, while a line of credit is a non-binding agreement that gives the bank the option to provide credit.

A Bank Is Legally Obligated to Provide Credit Under a Revolving