how does inter corporate deposit act as an important source of finance ?
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An Inter-Corporate Deposit (ICD) is an unsecured borrowing by corporates and FIs from other corporateentities registered under the Companies Act 1956. The corporate having surplus funds would lend to another corporate in need of funds.
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Answered by
2
Answer:
An Inter-Corporate Deposit (ICD) is an unsecured borrowing by corporates and FIs from other corporateentities registered under the Companies Act 1956. The corporate having surplus funds would lend to another corporate in need of funds.
Explanation:
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