The availability of funds under a line of credit is not guaranteed by the lender.

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Akshara Thammala · Accepted Answer

Final Answer : True, Explanation :  The availability of funds under a line of credit depends on the borrower's creditworthiness, as well as any terms and conditions set by the lender. The lender can choose to reduce or restrict the line of credit at any time based on their assessment of the borrower's financial circumstances. Therefore, the availability of funds is not guaranteed by the lender.

The availability of funds under a line of credit is not guaranteed by the lender.

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