首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Funds derived from term loans are used for a number of purposes. One of the most important is the purchase of buildings and equi
Funds derived from term loans are used for a number of purposes. One of the most important is the purchase of buildings and equi
admin
2013-12-25
57
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-half of 1 percent on unborrowed amounts during the period of the bank’ s commitment.
A revolving credit commitment gives the borrower assurances of the availability of funds over unexpected period of tight credit in future years.
选项
A、Right
B、Wrong
C、Doesn’t say
答案
C
解析
结合第二段第一、二句知,在获取贷款时间太长时,采取承诺贷款或者循环贷款是常用的方法,并没有如题中所说“未来不可知的信贷紧缩时期”。a commitment agreement承诺贷款,revolving credit循环贷款。
转载请注明原文地址:https://kaotiyun.com/show/3Gid777K
本试题收录于:
FECT综合(现代金融业务)题库金融英语(FECT)分类
0
FECT综合(现代金融业务)
金融英语(FECT)
相关试题推荐
—Canyouanswermatquestion?—Sorry,I______.
Indiansalwaysshake(摇)theirheadstheytalktoothers.【C1】______doesnothavethesamemeaning【C2】______"no".Ifsomeonewants
YOURBUILDINGSERVICE√Wehelppeopleinthispartofthecityby:*checkingallplans(方案)beforepeoplebuildnewhousesorma
Itusedtobethatifyouwantedtotravel,youhadtoplanforalongbusortrainride.Butthecarchangedallthat.Thougha
Becausetheborrowerdefaultedonhisrepaymentoftheloan,thebankwillholdthe______responsible.
Themostbasictooloftheaccountistheaccountingequation.Thisequationpresentstheassetsofthebusinessandtheclaims
BranchesofthePeople’sBankofChinastoppeddirectlendingtolocalfinancialinstitutionsandrefinancingwasmadeonlytot
Liquiditymeasuresthe______.
Atransactioncauseda$10000decreaseinbothtotalassetsandtotalliabilities.Thistransactioncouldhavebeen______.
随机试题
简述我国企业生产与作业出现安全问题的主要原因。
患者女,45岁。1周前发现有乳外上象限结节,直径约1.5cm,较硬,活动,无压痛,两侧乳腺对称,乳头及皮肤无特殊,两侧腋下均未及淋巴结,患乳无炎症或创伤史,钼靶拍片X线检查发现患乳有细小钙化点。保乳术的适应证包括
医生用较轻的指力诊脉的手法是()
()是指由中央政府制定的全国规划,关系到国家的全局和长远利益。在制定国家级规划时,应考虑到地方的实际,照顾到地方的利益。
()建立预警评价指标体系的目的是使信息定量化、()和可操作化。
会计人员不钻研业务,不加强新知识的学习,造成工作上的差错,缺乏胜任工作的能力。这是一种既违反会计职业道德,又违反会计法律制度的行为。()
生产车间发生的制造费用分配后,一般应计入()科目。
公安工作的成败,公安队伍战斗力的强弱,取决于公安装备中的科技含量。( )
甲投毒杀其妻子乙,乙服毒后痛苦万分,甲心生怜悯之情,将乙送至医院救治。但由于药性猛烈,乙抢救无效死亡。甲的行为成立()
Choosethecorrectletter,A,BorC.WhatshouldyoudotogettheGlobalTravelingCertificate?
最新回复
(
0
)