what are the mean term of credit
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credit terms. Standard or negotiated terms (offered by a seller to a buyer) that control (1) the monthly and total credit amount, (2) maximum time allowed for repayment, (3) discount for cash or early payment, and (4) the amount or rate of late payment penalty.
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Answer:basically in economics credit us a type of loan the loan of credit card is also a credit
Also it is time allowed to make a paymentto a person who providedo you something either a service or goods
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