THere are 3 types of LINE OF CREDITS: Uncommited Committed Revolving Does someone know some examples for them/
The definitions of each are really the best thing to know…there aren’t really unique examples.
Uncommited - Bad, a bank may/may not give you a loan for future endeavors. (Credit risk analysis) Committed - Good, a bank has a line of credit waiting at your disposal. Revolving - Pretty good, a bank will lend to you over and over again per your ability to repay the loan over and over again.