Question

What Are "Terms of Credit"?​

Answer 1

Answer:

terms of credit is the agreement between a seller and buyer that lists the timing and amount of payments the buyer will make in the future.

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Answer 2

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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