Question and answer
What is revolving credit? A. Credit when the borrower makes regular monthly payments B. Credit that requires payment in full on a specific date C. Credit that is paid all at once, in a single payment D. Credit that lets the borrower choose how much of the credit to use and when to pay it
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Revolving credit is: Credit that lets the borrower choose how much of the credit to use and when to pay it.
Expert answered|debnjerry|Points 58344|
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Asked 4/8/2014 7:59:52 AM
Updated 4/8/2014 9:57:23 AM
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This answer has been confirmed as correct and helpful.
Confirmed by andrewpallarca [4/8/2014 9:57:23 AM]
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A loan that is linked to an asset is called ___________. A. An unsecured loan B. A secured loan C. A linked loan D. An asset loan
Weegy: A loan that is linked to an asset is called a secured loan. User: Which of the following is a part of applying for a loan? A. Verifying your income B. Negotiating an interest rate C. Signing up for a credit card D. Completing a means exam Weegy: Verifying your income is a part of applying for a loan. User: What is collateral? A. A finance charge B. A specific type of home loan C. An asset or group of assets that are linked to a loan D. A down payment (More)
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Updated 6/29/2015 8:44:03 AM
1 Answer/Comment

Collateral is an asset or group of assets that are linked to a loan.
Added 6/29/2015 5:22:24 AM
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [6/29/2015 8:44:04 AM]
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