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6 January, 11:39

Bigbux Savings and Loan agreed to extend Appleman's Orchards $250,000 of unsecured short-term funds, contingent upon the bank having the funds available. This arrangement represents a (1) pledge agreement. (2) line of credit. (3) factoring agreement. (4) trade voucher.

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  1. 6 January, 14:51
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    (2) line of credit.

    Explanation:

    A line of credit is an agreement that states that a bank will extend a specified amount of unsecured short-term credit to a business, provided that the bank has the funds available.
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