An informal line of credit is short term debt promissory notes issued by large financial firms.

Name: An informal line of credit is short term debt promissory notes issued by large financial firms.
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An informal line of credit is actually a flexible borrowing arrangement between two parties where the borrower can access funds as needed without having to go through a formal loan application process. It does not involve the issuance of promissory notes.

An Informal Line of Credit Is Short Term Debt Promissory