What are the terms of credit (loan). explain briefly. (class 10)
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Key Points
The molar mass is the mass of a given chemical element or chemical compound (g) divided by the amount of substance (mol).
The molar mass of a compound can be calculated by adding the standard atomic masses (in g/mol) of the constituent atoms.
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Terms of credit are the requirements need to be satisfied for any credit arrangements. It includes interest rate, collateral, documentation and mode of repayment. However, the terms of credit vary depending upon the nature of lender, borrower and loan.
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