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What is credit and terms of …

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What is credit and terms of credit..........

Posted by Sanya Singh Singh 6 years, 9 months ago

CBSE > Class 10 > Social Science

2 answers

Esha Pal 6 years, 9 months ago

Credit refers to an agreement in which the lender supplies the borrower with money, goods or service in return for the promise of future payment. Terms of credit are interest rate, collateral, documentation requirement and mode of repayment......hope it helps ?

1Thank You

Honey ??? 6 years, 9 months ago

Credit mtlb loan , trms of credit are collateral security , interest rate , documentation requirement, duration of credit

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Posted by Shristi Pandey 1 month, 4 weeks ago

CBSE > Class 10 > Social Science