Farmers Savings and Loan agreed to extend Eckert's Orchards $200,000 of unsecured short-term funds, contingent upon the bank having the funds available. This arrangement represents a:

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This arrangement represents a line of credit, where Farmers Savings and Loan agrees to extend funds to Eckert's Orchards on an as-needed basis, up to a maximum limit of $200,000.

Farmers Savings and Loan Agreed to Extend Eckert's Orchards $200,000