Question

Describe the terms of credit please points mai dena answers,it is four marker question.​

Answer 1

• Terms of credit comprise interest rate, collateral and documentation requirement, and the mode of repayment.

• The terms of credit vary substantially from one credit arrangement to another.

• They may vary depending on the nature of the lender and the borrower.

• Interest rate, collateral and documentation requirement and the mode of payment mainly come under the terms of credit.

ur answer dear ❤

Answer 2

terms of credit includes :

1) documentation requirements

2) collateral

3) mode of payment

4) interest rate