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Question
What does the terms of credit include?
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Solution
Credit means a loan,
an agreement in which the lender (creditor) supplies the borrower with money,
goods or services which is to be returned in future. Terms of credit apart from
the rate of interest, collateral also includes documentation, mode of
repayment.
Credit means a loan, an agreement in which the lender (creditor) supplies the borrower with money, goods or services which is to be returned in future. Terms of credit apart from the rate of interest, collateral also includes documentation, mode of repayment.
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