1 which provision of a commercial loan guarantee allows a, Ask an Expert

Finance

1. Which provision of a commercial loan guarantee allows a lender to take action against guarantors as needed, and not necessarily on a pro rata basis?

Continuing provision

Joint and several provision

Unconditional provision

Unlimited provision

2. What is the primary difference between a general operating line of credit and a permanent working capital line of credit?

General operating lines of credit frequently have a substantial principal balance

Permanent working capital lines of credit frequently have a substantial principal balance outstanding

Permanent working capital lines of credit generally are closed-end or non-revolving

General operating lines of credit usually fund rapidly growing businesses

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92875177

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