Some unsecured loans are one-time-only arrangements,and may take the form of lines of credit,revolving credit agreements,or commercial paper.

Question

Quizplus · Accepted Answer

Unsecured loans can take various forms such as lines of credit, revolving credit agreements, commercial paper, and more. However, some unsecured loans are one-time-only arrangements, meaning they provide a lump sum of money that must be repaid over a fixed period with regular installments.

Some Unsecured Loans Are One-Time-Only Arrangements,and May Take the Form