What are the terms of the credit.what are the four terms of credit?
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terms of credit includes
1 interest rate
2 collateral
3 documentation requirement
4 mode of repayment
these terms of credit vary substantially from one credit arrangement to another.they may vary depensing on the nature of lender qnd borrower
1 interest rate
2 collateral
3 documentation requirement
4 mode of repayment
these terms of credit vary substantially from one credit arrangement to another.they may vary depensing on the nature of lender qnd borrower
Answered by
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Interest rate, collateral ,documentation requirements and the mode of repayment together compromise terms of credit
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