What are various credit arrangements ?
Answers
Answer:
There are various different types of credit – such as credit cards, overdraft facilities, higher purchase agreements and personal loans – depending on how the borrower intends on repaying the finance. ... Other types of credit include loans, which can be paid off in monthly installments over a particular period.
Answer:
credit arrangement means all and any credit facilities including any Overdraft, term loan, revolving loan, contingent instrument facility or other credit facility; ＋ New List.
Credit refers to the concept of a lender providing a loan for a borrower. There are various different types of credit – such as credit cards, overdraft facilities, higher purchase agreements and personal loans – depending on how the borrower intends on repaying the finance.
Explanation:
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