首页
登录
职称英语
Funds derived from term loans are used for a number of purposes. One of the
Funds derived from term loans are used for a number of purposes. One of the
游客
2025-06-20
16
管理
问题
Funds derived from term loans are used for a number of purposes. One of the most important is the purchase of buildings and equipment needed by the borrower to maintain a competitive position and keep pace with the demand for the firm’s products. In addition, increased sales usually call for increased working capital, which may be financed through term borrowing. Term loans are used to finance new ventures, at which a firm adds a new product or integrates vertically to produce some portion of the raw materials needed in its operations. Term borrowing is also used to refinance existing obligations.
Frequently, the borrower needs to draw down the funds over a period of many months, as in the case of a major plant expansion or the acquisition of a fleet of aircraft. In such cases it is common practice to combine the term loan agreement with a commitment agreement or revolving credit. The lender agrees to make funds available to the borrower as they are needed over a period of, say, two years up to a specified total amount. The agreement also provides that at the end of the commitment period the entire amount borrowed to that date shall be incorporated in a term loan. For an arrangement of this kind, the borrower is normally required to pay a commitment fee of from one-fourth to one-haft of 1 percent on unborrowed amounts during the period of the bank’s commitment. [br] The borrower may draw the funds from the credit aggregates within the time limit for expanding their operations.
选项
A、Right
B、Wrong
C、Doesn’t say
答案
A
解析
整个第一段和第二段第一句都说明了在确定的时期内,定期贷款可能被用作扩大经营,a major plant expansion(企业扩大)所带来的提示。
转载请注明原文地址:https://tihaiku.com/zcyy/4126093.html
相关试题推荐
Onceabreak-evenpointisdetermined,managementoftenwantstoknowthenumber
Describetheprocedureofoutwardcollectionaccordingtothenumbersgiven
Describetheproceduresofsuppliercreditaccordingtothenumbersgivenin
Describetheproceduresofsuppliercreditaccordingtothenumbersgivenin
Describetheproceduresofsuppliercreditaccordingtothenumbersgivenin
Describetheproceduresofbanker’sacceptanceaccordingtothenumbersgive
Describetheproceduresofbanker’sacceptanceaccordingtothenumbersgive
Describetheproceduresofbanker’sacceptanceaccordingtothenumbersgive
Fundsderivedfromtermloansareusedforanumberofpurposes.Oneofthe
Describetheproceduresoffactoringaccordingtothenumbersgiveninthef
随机试题
TheNaziregimeis______ofallthemeandprincipleexceptappetiteandracialdo
Wearebeginningtowitnessaparadoxattheheartofcapitalism,onethatha
极限sin()A.等于1 B.为∞ C.不存在但不是∞ D.等于0
下列选项中,经典的风景式园林是( )。A.法国枫丹白露宫 B.法国特立雅索宫
斜齿圆柱齿轮的标准模数与压力角是指以下哪种模数与压力角?()A.端面 B.
心脏贯通伤出现的贝克三联症(Becktriad),是指A.静脉压升高、颈静脉怒
A.白蛋白 B.球蛋白 C.纤维蛋白原 D.电解质血浆胶体渗透压主要来自(
天麻钩藤饮的组成药物中含有A、生牡蛎 B、川牛膝 C、生龟板 D、生鳖甲
某件刺绣产品,需要效率相当的三名绣工8天才能完成;绣品完成50%时,一人有事提前
(2008年真题)20×7年3月20日,甲公司合并乙企业,该项合并属于同一
最新回复
(
0
)