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Question
Explain the meaning of cash credit.
Explain the meaning of cash credit.
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Solution
It a method of advancing loan by a commercial bank under which short-term secured cash loan is provided by the bank to the borrower and the borrower can withdraw the amount in a single installment or in a number of installments according to this requirements.
It a method of advancing loan by a commercial bank under which short-term secured cash loan is provided by the bank to the borrower and the borrower can withdraw the amount in a single installment or in a number of installments according to this requirements.
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