Economy, asked by mugeesh007, 10 months ago

any one tell about terms of credit

Answers

Answered by r7752ekha

1

Answer:

The four terms of credit are : 1 Interest rate- The borrower has to pay a sum of money as interest along with the principal amount. 2. Collateral- It is an asset that the borrower owns and uses this as guarantee to the lender until the loan is repaid.

Answered by Shekharwarma

0

Answer: terms of credit are required so that the borrowers know the conditions to take the loans

Explanation:

Previous Question

Next Question

Similar questions

Math, 5 months ago

if price of milk is 15% more than that of water, the price of water is how much percent less than that of milk...

English, 5 months ago

You had the most difficult examination today, but you did it easily and are happy about it. Write a diary entry about it in about 100-200 words. Remember to mention the subject and the initial...

Computer Science, 5 months ago

The graphics card facilitates the transfer of the visual output from the processor to the b. MU b. CPU c. VDU d. LPU...

Computer Science, 10 months ago

what is the full form of CPU...

Science, 10 months ago

the power of a convex lens of focal length 25 cm is...

Music, 1 year ago

give me some information about Leonardo da Vinci...

History, 1 year ago

why did the peasants become poorer and artists and soldiers unemployed due to British economic policies...

Biology, 1 year ago

Name the bacteria which can cause acne...