Question

describe the terms of credit

Answer 1

The cost of credit is the additional amount, over and above the amount borrowed, that the borrower has to pay. It includes interest, arrangement fees and any other charges. Some costs are mandatory, required by the lender as an integral part of the creditagreement.

Answer 2

the cost of credit is additional amount ,over and above the amount borrowed ,that the borrower has to pay . It includes interest , arrangement ,fees and any other charges .some costs are mandatory ,required by the lender as an integral part of credit agreement .