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Which among the following is NOT …

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Which among the following is NOT part of 'Term of Credit'?

Posted by Madan Meena 6 years ago

CBSE > Class 10 > Social Science

4 answers

Aadya Singh ? 6 years ago

Pass book isn't a part of term of credit...

Shivam Mishra 6 years ago

hii

Yogita Ingle 6 years ago

1 Interest rate- The borrower has to pay a sum of money as interest along with the prinicipal amout.

2.Collateral- It is an asset that the borrower owns and uses this as aguarentee to the lender until the loan is repaid.

3. Documentation- Proper documents of borrowing with all the terms and conditions must be submitted.

4. Mode of repayment - The mode through which the borrower will repay the loan must be clearly mentioned.

Madan Meena 6 years ago

(1).interest (2).collateral (3).mode of repayment (4).pass book

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