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Baber Pant
Baber Pant
Asked: 3 years ago2022-11-05T22:37:26+05:30 2022-11-05T22:37:26+05:30In: Class 10

What are the terms of credit????

What are the terms of credit????
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  1. 48b2a
    2022-10-29T17:51:06+05:30Added an answer about 3 years ago

    Collateral ,rate of intrest, mode of repay ,documents ,duration , promise of repay
    Collateral* , rate of intrest* , documents*
    Collatarol,doccumentation,mode of repayment and interest rate together comprises of terms of credit

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Brock Sankaran
Brock Sankaran
Asked: 3 years ago2022-11-04T16:39:31+05:30 2022-11-04T16:39:31+05:30In: Class 10

What are the terms of credit

What are the terms of credit
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  1. 232da
    2022-11-10T21:19:44+05:30Added an answer about 3 years ago

    I had told in above queation
    1.rate of interest 2.collatrol

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Gulzar Prasad Dasgupta
Gulzar Prasad Dasgupta
Asked: 3 years ago2022-11-03T19:45:47+05:30 2022-11-03T19:45:47+05:30In: Class 10

What are.the terms of credit??

What are.the terms of credit??
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  1. 774c7
    2022-11-03T17:10:27+05:30Added an answer about 3 years ago

    \tEvery loan agreement specifies an interest rate which the borrower must pay to the lender along with repayment of the principal.\tIn addition, lender may demand collateral, i.e., an asset that the borrower owns and uses this as a guarantee until the loan is repaid.\tIf the borrower fails to repay the loan, the lender has the right to sell the collateral to obtain payment.\tTerms of credit comprise interest rate, collateral and documentation requirement, and the mode of repayment.\t*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.
    Thanku for the answer???
    Collateral, Documentation requirement, Interest rate and mode of repayment…

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Anshu Arora
Anshu Arora
Asked: 3 years ago2022-11-02T19:43:04+05:30 2022-11-02T19:43:04+05:30In: Class 10

What are the terms of credit?

What are the terms of credit?
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  1. 36da2
    2022-10-29T10:26:32+05:30Added an answer about 3 years ago

    Documentations colletral and any other asset that borrower own and can use this to obtain credit
    documentatiom required ,collateral etc

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Roma Gulzar Devan
Roma Gulzar Devan
Asked: 3 years ago2022-11-01T03:13:36+05:30 2022-11-01T03:13:36+05:30In: Class 10

What are the terms of credit .

What are the terms of credit .
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  1. 26c69
    2022-11-10T16:35:47+05:30Added an answer about 3 years ago

    Bus u hi Maan Kiya toh thanks bol diya
    Thanks kyu….. helping app h?????
    Thanks
    Every loan agreement specifies an interest rate which the borrower must pay to the lender along with the repayment of the principal, this is called the terms of credit
    Interest rate…..collateral….documantation representation….mode of repayment

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