Question

what is a terms of credit ?​

Answer 1

Answer:

Terms of credit comprise interest rate, collateral and documentation requirement, and the mode of repayment. . The terms of credit vary substantially from one credit arrangement to another. They may vary depending on the nature of the lender and the borrower.

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Answer 2

Answer:

Terms of credit comprise interest rate, collateral and documentation requirement, and the mode of repayment. ... The terms of credit vary substantially from one credit arrangement to another. They may vary depending on the nature of the lender and the borrower.