Question

a formal, signed credit agreement between a lender and a borrower is called a(n) by the lender.

Answer 1

The duration of the outstanding. A formal credit agreement is one that involves both a creditor and a debtor. receivable notes

What exactly is a contract example?

Technically defined, an agreement is any contract involving two or more people and a shared goal. Whenever a man offers to split the rent and another accepts, they enter into an agreement and start living together as flatmates.

What does a commitment to agree mean?

When parties agree that specific business arrangements shall be resolved later, they have reached an agreement to agree. For instance, this might refer to the quantity of items a distributor needs to buy from a supplier or the rent payment made under a business lease.

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