Question

what are terms of credit need to take loan from formal sector​

Answer 1

Answer:

Terms of credit comprise interest rate, collateral and documentation requirement, and the mode of repayment. *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.

Answer 2

Answer:

The five Cs of credit, they include:-

1.capacity

2.capital

3.conditions

4.character

5. collateral

Explanation:

1. capacity :- The overall ability of an ecosystem to maintain its natural, original, or current condition and to produce goods and services.

2.capital:- it usually means liquid assets.

3 condition:- it refers to the state of ecological systems, which includes their physical, chemical, and biological characteristics.

4. Character:- The echo command writes character strings to standard output.

5. Collateral:- Collateral is an asset or form of physical wealth that the borrower owns like house, livestock, vehicle etc.

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