Question

Dash refers to an agreement in which the lender supplies the borrower with money goods or services in return for the promise of future payment

Answer 1

Loan
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Answer 2

Credit Agreement is an agreement in which the lender supplies the borrower with money goods or services in return for the promise of future payment

Explanation:

• A loan agreement is a contract that is legally binding recording the terms of a loan deal. The loan agreement outlines all the terms of the loan.
• In a credit agreement, borrowers include full documentation of the terms of the loan. It also includes the annual interest rate as well as how interest is paid to balance sheets, any costs associated with the transaction, duration of the loan, and the payment terms and any penalties for late payments as essential terms of lending included in the credit agreement.

To know more

what are the variety of credit arrangements?explain within 400 words

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