Question

Explain three terms of credit ​

Answer 1

Answer:

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.

Answer 2

Answer:

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.