Economy, asked by Archie3932, 10 months ago

What is terms of credit explain by giving examples?

Answers

Answered by manasiriya2003

Terms of credit- it refers to the conditions that are need to be followed while taking a loan from formal sectors like banks . some important conditions Collateral, paperwork , personal documents etc...

Answered by stylishtamilachii001

Answer:

Interest rate, collateral ,documentation requirements and the mode of repayment together compromise terms of credit

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