Business Services

Question

What is cash credit ?

Solution

Cash credit is an arrangement under which the bank allows the borrower to borrow up upto a specified limit. Interest is charged on the amount actually withdrawn. Cash credit usually granted against bond or some other security.

Some More Questions From Business Services Chapter

Define the term “bank”.

Define insurance.

Define life insurance.

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Business Services

What is cash credit ?

Some More Questions From Business Services Chapter

Define the term “bank”.

Define insurance.

Define life insurance.

What do you mean by Fire Insurance ?

What do you mean by Marine Insurance ?

Define communication.

What do you mean by the term transportation ?

What do you mean by the term warehousing ?

What do you mean by Public Warehouse ?

What is meant by cold storage houses ?

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