Question

What is meant by terms of credit?what does it include

Answer 1

Credit refers to a loan, an agreement in which the lender supplies the borrower with money, goods or services which is to be returned in future. ... Terms of credit apart from the rate of interest, collateral also includes documentation, mode of repayment.

Answer 2

Answer:interest rate, collateral and documentation requirement and mode of repayment together comprises is called terms of credit.....

Hope it will help