Explain the following concept: Cash Credit

Explain the following concept:

Cash Credit

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

Under a cash credit facility, a bank allows the borrower to withdraw amounts up to the specified limit. Such credits are allowed against the security of stock of raw material, finished goods, etc.

4 views Answered 2023-02-05 15:29

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