Economy, asked by sc8095446gmailcom, 7 months ago

What is meant by term of credits? What does it include.​

Answers

Answered by Anonymous
20

Answer:

Terms of credit are the requirements need to be satisfied for any credit arrangements. It includes interest rate, collateral, documentation and mode of repayment. However the terms of credit vary depending upon the nature of lender, borrower and loan.

Answered by Anonymous
2

Answer:

Terms of credit are the requirements need to be satisfied for any credit arrangements. It includes interest rate, collateral, documentation and mode of repayment. However the terms of credit vary depending upon the nature of lender, borrower and loan.

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