Revolving credit agreements are short-term, unsecured promissory notes issued by a firm with a high credit standing non-guaranteed loans that specify the maximum amount that a firm can owe the bank at any one time guaranteed loans that specify the maximum amount that a firm can owe the bank at any point in time credit arrangements made in cooperation with suppliers that allows a firm to roll over accounts payable each month

guaranteed loans that specify the maximum amount that a firm can owe the bank at any point in time.

Explanation:

According to my research on the different types of credit agreements, I can say that based on the information provided within the question Revolving Credit agreements are guaranteed loans that specify the maximum amount that a firm can owe the bank at any point in time. Like mentioned above, this is a loan agreement usually seen in cases of a firm borrowing money from a bank.

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