Question

What are the terms of credit.Explai it feture

Answer 1

Four terms of credit are as listed below: Interest rates: While borrowing or lending loans, rate of interest is decided by both the parties and is specified in the document. Collateral: It is an asset that the borrower owns like house, shop, land etc

Answer 2

✨✔️✔️ Question : What are the terms of credit?

✔️✔️Answer:
Terms of credit are :-
• Interest rate.
• Collateral.
• Documentation requirement.
• Mode of repayment.

✨✔️✔️HOPE IT HELPS YOU...
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