Question

What are terms of Credit?​

Answer 1

Answer:

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• 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 of the lender and the borrower.

Answer 2

Answer:

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 of the lender and the borrower.

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