Explain the meaning of term of credit.

1.	Explain the meaning of term of credit.
Answer» Answer: This term is broad with MANY different meanings in the financial WORLD. Credit is generally defined as a contractual agreement in which a BORROWER receives something of value now and agrees to repay the lender at a LATER date—generally with interest. hope it helps you thank you

Answer»

Answer:

This term is broad with MANY different meanings in the financial WORLD. Credit is generally defined as a contractual agreement in which a BORROWER receives something of value now and agrees to repay the lender at a LATER date—generally with interest.

hope it helps you

thank you

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Explain the meaning of term of credit.

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