Business Studies, asked by RiyaGungun, 1 month ago

What is Inter-Corporate Deposit...??

Answers

Answered by DivineKing37

Answer:

An Inter-Corporate Deposit (ICD) is an unsecured borrowing by corporates and FIs from other corporate entities registered under the Companies Act 1956. The corporate having surplus funds would lend to another corporate in need of funds.

Explanation:

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Answered by pawarsanika5371

Answer:

Inter-Corporate Deposit (ICD) is an unsecured borrowing by corporates and FIs from other corporate entities registered under the Companies Act 1956. The corporate having surplus funds would lend to another corporate in need of funds

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