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प्रश्न
Write a short note on:
Cash Credit
उत्तर
Cash credit is a financial arrangement in which a bank advances cash loans to customers up to a certain limit in exchange for security. The borrower opens a current account in the bank with the amount of the cash loan after it is approved. The borrower has the option to withdraw the entire loan amount. The borrower is paid interest only on the amount he actually uses, not on the entire amount provided to him.
APPEARS IN
संबंधित प्रश्न
______ shares do not carry voting rights.
What is Cash Credit?
Explain in brief Discounting of bills of exchange.
Name the source of finance wherein receivables on account of the sale of goods or services are sold at a discount.
Differentiate between owned funds and borrowed funds.
State any three sources of borrowed funds.
Name three sources of owned funds for business.
Which source is the best source of raising borrowed funds for a business? and why?
Long-term finance is required for meeting day-to-day requirements.
