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प्रश्न
______ are generally secured by assets or guarantees.
पर्याय
Cash credit
Overdraft
Discounting of bills
Loans
उत्तर
Loans are generally secured by assets or guarantees.
Explanation:
Banks now offer loans to business firms for medium term. Loans are generally secured by assets or guarantees. The borrower may be asked to repay in lump sum or in instalments.
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संबंधित प्रश्न
Write a short note discounting of bills of exchange.
What is an overdraft?
For which of the following company has to keep it's assets on mortgage?
This implies procuring cash from a bank in exchange for credit instruments.
It is a formal and revolving credit agreement under which the borrower is allowed to borrow upto the specified limit.
Commercial banks generally provide long-term loans.
Term loans are a source of medium-term finance.
State the various forms of borrowing from commercial banks.
What are the advantages of borrowing from commercial banks?
What are the disadvantages of borrowing from commercial banks?
