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A __________ is charged by the lender to hold credit open for the borrower. For example, if the firm only uses $100,000 of a $200,000 limit, then the firm might pay the lender $500 for the unused
limit in addition to the interest on the amount borrowed. 1. Term loan 2. Revolving credit agreement 3. Medium-term note 4. Commitment fee
A commitment fee is charged by the lender to hold credit open for the borrower. For example, if the firm only uses $100,000 of a $200,000 limit, then the firm might pay the lender $500 for the unused limit in addition to the interest on the amount borrowed.
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Asked 10/17/2013 1:39:49 AM
Updated 300 days ago|3/28/2016 6:23:13 AM
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A commitment fee is charged by the lender to hold credit open for the borrower. For example, if the firm only uses $100,000 of a $200,000 limit, then the firm might pay the lender $500 for the unused limit in addition to the interest on the amount borrowed.
Added 300 days ago|3/28/2016 6:23:13 AM
This answer has been confirmed as correct, not copied, and helpful.
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Questions asked by the same visitor
__________ lease refers to a short-term lease that is often cancelable. For example, a lease for office space represents this type of lease where the lease life is less than the useful life of the asset. 1. A financial 2. An operating 3. A net 4. None of the above answers are correct.
Weegy: 2. An operating - lease refers to a short-term lease that is often cancelable. [ For example, a lease for office space represents this type of lease where the lease life is less than the useful life of the asset. ] (More)
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Asked 10/16/2013 11:17:12 PM
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A __________ represents any restriction imposed on a borrower by a lender and would be part of the loan agreement. 1. Negative pledge clause 2. Covenant 3. Loan agreement 4. General routine provision
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Updated 8/14/2015 4:46:34 PM
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A covenant represents any restriction imposed on a borrower by a lender and would be part of the loan agreement.

Added 8/14/2015 4:46:34 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [8/14/2015 5:11:21 PM]
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