A ____________, issued by a bank, promises to make a loan if certain conditions are met.

A) Bankers' acceptance.
B) Cleanup loan.
C) Letter of credit.
D) Line of credit.
E) Revolver.

Cleanup Loan

A short-term loan used to clear outstanding debts, often as a way to improve financial metrics before seeking longer-term financing.

Bankers' Acceptance

A short-term debt instrument issued by a company but guaranteed by a bank, commonly used in international trade to facilitate transactions.

Letter of Credit

A document issued by a bank guaranteeing a buyer's payment to a seller within a specific timeframe and for a specific amount.