Economy, asked by solanki900, 1 year ago

list out the terms of credit


sona63: write the situation

Answers

Answered by Ishantomar
0
The terms which indicate when payment is due for sales made an account (credit) .
The cost of credit is additional amount over and above the amount borrowed.
Answered by Jovittaa
0

Answer:

TERMS OF CREDIT

different conditions in which the borrower and the lender agreed before granting or taking loan .

it includes :

* rate of interest .

* mode of payment .

* collateral .

* documentation required etc.

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