I had told in above queation
1.rate of interest 2.collatrol
What are the terms of credit
Leave an answer
What are.the terms of credit??
Leave an answer
-
\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…
What are the terms of credit?
Leave an answer
-
Documentations colletral and any other asset that borrower own and can use this to obtain credit
documentatiom required ,collateral etc
What are the terms of credit .
Leave an answer
-
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
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