Q. The terms of credit comprise of _____.
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Answered by
9
Collateral is correct answer
It can be define as:-
Interest rate, collateral and documentation requirement and the mode of repayment together comprise what is called the terms of credit.
They may vary depending on the nature borrower of the lender and the borrower.
Thank You
Answered by
1
Answer:
Interest rate, collateral and documents required to get loan together are called terms of credit.
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