Quiz Ch 15 – T/F Characteristics of Short-Term Bank Loans
Fundamentals of Financial Management, Concise
Brigham and Houston
09th Edition
True or false: Most bank loans to businesses are short-term, often provided as 90-day notes that are commonly rolled over instead of being repaid upon maturity. Nevertheless, if the borrower’s financial condition worsens, the bank may decline to renew the loan.