An Analysis of Revolving Credit Agreements

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Excerpt from An Analysis of Revolving Credit Agreements: March 1981 Capital markets provide the bulk of long and intermediate - term funds for corporate investment. Often, however, firms also use commercial banks as a source of funds. The banking system provides economies of scale in terms of transactions costs to both large and small corporations. Small companies cannot always make efficient use of capital markets due to their relatively small demands or the cost of informing the market of these demands. Larger companies whose demands are for short periods of time, or which have a possibility of an impending change in financing, often can't justify the cost of a securities issue in the securities market. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.