a line of credit extended to individuals or businesses who may use it as often as desired up to a specific dollar limit

Question

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loans which will be in repayment for 18 months to 10 years
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the ability to acquire money, goods or services from others without immediate payment; an agreement to repay the purchase price and whatever interest is incurred
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loans which will be in repayment for less than an 18 month time period
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loans which will be in repayment for more than 10 years

match with terms provided
1.revolving credit
2.credit
3.short-term loans
4.long-term loans
5.intrmediate -term loans

Answer 1

Here are the terms matched with their corresponding definitions:

1. Revolving credit - a line of credit extended to individuals or businesses who may use it as often as desired up to a specific dollar limit.

2. Credit - the ability to acquire money, goods, or services from others without immediate payment; an agreement to repay the purchase price and whatever interest is incurred.

3. Short-term loans - loans which will be in repayment for less than an 18-month time period.

4. Intermediate-term loans - loans which will be in repayment for 18 months to 10 years.

5. Long-term loans - loans which will be in repayment for more than 10 years.