can you cite for a firms use of intermediate-term debt? Why isnt (a) longterm
debt substituted in its place? (b) short-term debt substituted in its place?
Why do insurance companies not compete more actively with banks to provide
short and intermediate-term financing?
What is the
purpose of protective covenants in a term loan agreement? How does a revolving
credit agreement differ from a line of credit? 5. How should a lender go about
setting (a) the working capital protective covenant in a loan agreement? (b)
the capital expenditure covenant in a loan agreement?
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