Question

what are the terms of credit​

Answer 1

Answer:

hope it's helpful

give me 30 thanks

Answer 2

Answer:

terms of credit comprise intrest 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 browser.

Some common credit terms are as follows:-

1. billing cycle
2. principal balance
3. intrest rate
4. annual percentage rate (APR)
5. minimum amount due
6. payoff amount
7. refinancing
8. down payment