1
Question
Explain the meaning of cash credit.
Explain the meaning of cash credit.
Open in App
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.
Suggest Corrections
6
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
