What are the two categories of sources of credit? Mention 4 features of each.
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1)bank loan,2)debenture
feature of bank loan are
fixed interest,long term credit,low flotation cost and risk capita
feature of debenture are
fixed rate of interest,acknowledge of debt,redeemable,various types.
feature of bank loan are
fixed interest,long term credit,low flotation cost and risk capita
feature of debenture are
fixed rate of interest,acknowledge of debt,redeemable,various types.
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