A line of credit is an arrangement under which liabilities may be created. As a general matter, the mere fact that you have a line of credit arrangement (e.g., a plan or arrangement permitting you to borrow a certain amount of money) does not necessarily require the “line of credit” plan or arrangement to be reported. You have a reportable liability when you have actually borrowed money or exercised the borrowing authority under the line of credit arrangement.
This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.
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