Question

Interest rate, collateral and documentation requirements, and the mode of repayment

together comprise what is called the terms of credit. 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.

Of the borrower fails to repay the loan, the lender has the right to sell the asset or collateral

to obtain payment. Property such as land titles, deposits with banks, livestock are some

common examples of collateral used for borrowing.

a) What is collateral?

b) What is credit?​

Answer 1

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The Global Climate Change Alliance Plus (GCCA+) is a European Union initiative designed to help the world's most vulnerable countries address climate change. Between its founding in 2008 and 2019, it had funded over 70 projects of national, regional and worldwide scope in Africa, Asia, the Caribbean and the Pacific

Answer 2

The Global Climate Change Alliance Plus (GCCA+) is a European Union initiative designed to help the world's most vulnerable countries address climate change. Between its founding in 2008 and 2019, it had funded over 70 projects of national, regional and worldwide scope in Africa, Asia, the Caribbean and the Pacific