What are Terms of Credit? Explain in simple words.

Answers

Answer 1

Answer:

Interest rate, collateral and documentation requirement and the mode of repayment together comprise are the terms of credit.

Explanation:

(1) Interest rate= While borrowing or lending loans, rate of interest is decided by both the parties and a document is specified.

(2)Collateral= It is an asset that borrower owns like a house, shop etc. It is against such assets as a guarantee that loan is given to a borrower.

(3)Documentation required=The borrower before lending money check all the documents related to the employment record and income that is earned by the borrower.

(4)Mode of payment=It is related to the ways and duration in which the loan can be repaid by the borrower.


Related Questions

what economic, social, and political factors motivated Europeans to explore oceans

Answers

there are three main reasons for european exploration. them being for the sake of their economy, religion and glory. they wanted to improve their economy for instance by acquiring more spices, gold, and better and faster trading routes. also, they really believed in the need to spread their religion, christianity.

What major mountain range is in NC?

Answers

Answer:

Below, You'll find the answer.... :D

Explanation:

The Blue Ridge and the Smoky Mountains are the major ranges of the southern Appalachians in western North Carolina.

HOPE THIS HELPED!

To whom might the Declaration of Independence have been written?

Answers

Answer:

King George and the parliament of England.

The term for the application of the basic laws of nature to produce practical devices for mankind is

Answers

Answer:

Engineering

Explanation:

The term for the application of the basic laws of nature to produce practical devices for mankind is "Engineering".

Simply, engineering can be referred to as the scientific field which deals with the use of knowledge gathered from science to invent devices. This scientific understanding of the natural environment helps the engineer to invent, design, fabricate and manufacture devices that are useful to mankind.

Therefore, "engineering" is the correct answer.

Why was the slik road closed during the tang and song dynasty?

Answers

Answer:

B

Explanation:

There were no merchants on the road, and the towns along the route lost their usual bustle, which undoubtedly led to the decline of the silk road. By the time of the Song dynasty, another ethnic minority broke the silence of the silk road once again.

Which statements correctly describe the regions of Africa? Check all that apply. Ethiopia is in Eastern Africa. Cairo is in Southern Africa. Egypt is in Northern Africa. Cape Town is a city in Southern Africa. Nigeria is in Northern Africa.

Answers

Answer:

Ethiopia is in the east, Cairo is NOT in Southern Africa, Egypt is in Northern Africa, and Cape Town is in South Africa. Also Nigeria is more so west, but can be northern depending on how your teacher wants it.

Explanation:

Check a map.

The correct option is A, C, and D. The following statements correctly describe the regions of Africa.

Ethiopia is in Eastern Africa.Egypt is in Northern Africa. Cape Town is a city in Southern Africa.

What is Africa's nickname?

Africa is the oldest continent on Earth that has been inhabited, earning it the moniker "Mother Continent."

East Africa, which is made up of Kenya, Tanzania, and Uganda, and the Horn of Africa, which includes Somalia, Djibouti, Eritrea, and Ethiopia, is an area of sub-Saharan Africa that is located in the easternmost part of the continent.

A land bridge created by the Sinai Peninsula connects the Arab Republic of Egypt to the southwest of Asia and the northeast of Africa.

Cape Town is a port city, the national legislative center of South Africa, and the seat of the Western Cape province.

Thus, A, C, and D are the proper choices. The regions of Africa are accurately described in the mentioned above.

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An informal learning of a case in juvenile court is called

Answers

Answer:

informal probation

Explanation:

it allows an juvenile and his or her parents to avoid even the filing of criminal charges against the juvenile

The finding that more observable traits yield better interjudge agreement suggests that peer judgment is based more on ________ than on ________.

Answers

Answer:

direct behavioral observation; a manufactured reputation

Explanation:

People judge one's personality and that becomes their reputation. However people/ peer judgement could be based on observable traits and not manufactured reputation since this increases accuracy of personality judgement. This means that people observe ones behaviour to judge his personality. Also the behaviors observed must be relevant to the traits to accurately judge a person's personality

The cotton gin _____. was a positive influence on society decreased the need for slave labor increased the need for slave labor did not affect society

Answers

Answer:decreased the need of slave labor

Explanation:

Answer:

The cotton gin was a positive influence on society.

Explanation:

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Changes in the composition of the U.S. population illustrate the _____ imperative for studying intercultural communication.

Answers

Answer:

Demographic imperative

Which factors contribute to the climate in North Carolina? Check all that apply. Higher latitudes result in warm temperatures. Higher elevations create cool temperatures. Ocean breezes keep the climate cold all year. Mountain ranges can affect weather patterns. Coastal areas typically have mild climates.

Answers

Answer:

The correct options are;

Higher elevations create cool temperatures

Mountain ranges can affect weather patterns

Coastal areas typically have mild climates

Explanation:

The higher elevation areas are known to have the coldest temperatures on record of -25° an the Grandfather Mountain and the mountains are areas of regular snowstorms, while the regions close to the ocean in the Eastern North Carolina rarely observed ice and snow as a result of the heating effect of the Gulf Stream

The experience of a warm and dry atmosphere due to the "sinking motion" is enabled by the interaction of the weather and atmosphere. The effect of cutting through the clouds by the sinking air from the mountain top leads to some of the highest temperatures witnessed in the central and Eastern North Carolina.

The coastal regions have a lower temperatures than the inland areas in midsummer and snowfall occurs only a few number of times in the coastal regions of which the Coastal Plains make up about 50% of the state.

Imagine that at work, you hear someone make an insensitive comment about another co-worker's religious beliefs. How should you react? 2-4 Sentences

Answers

Answer:

Explanation:

First of all i will tell the person to come to me after work  so that i will not embarrass him in front of our co-workers.then after work when he comes to me i will talk to him about how its unfair to make such a comment for someone   religious belief cause just because the persons belief is different from yours that doesn't you should do something like that. he entitled to his own and your entitled to yours .so as conclusion after that i will tell him to not do it  again. and apologize to whoever he made a rude comment about his religious beliefs .

hope this helps.  

The best way to resolve the question, "Imagine that at work, you hear someone make an insensitive comment about another co-worker's religious beliefs" is to:

Call aside the person that made the commentAsk the person if he is aware of what he saidImmediately tell him to apologiseGive strict warnings for such not to repeat again

According to the given question, it is clear that there is a conflict that if it's not well managed, it would get out of control.

A religious slur is a very serious issue which could cause problems at work and even beyond. In the United States, there is a freedom of religion which is protected by the Constitution, so it would be a legal problem if the problem is not contained.

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All of the following individuals showed that cleanliness played a role in human disease EXCEPT __________.

Answers

Answer:

All except Jenner.

describe the elements of society

Answers

Explanation:

A System of social relationship

According to Maclver Society is "a web of social relationship". Social relationship is the basis of Society. The family alone is said to have as many as fifteen relationships based on age, sex and generation. Outside the family there is no limit to the number of possible relationships. Reutor says" Just as life is not a things but a process of living, so society is not a thing but a process of associating". The meaning of social relationship shall be clearer if we draw a distinction between physical and social relation. The relationship between pen and ink, earth and sun, a book and bookshelf, fire and wood is physical relationship because these physical objects do not have any reciprocal awareness whatsoever. On the other hand, the social relations exist between the mother and the child, the teacher and the thought are determined by reciprocal awareness. Without this awareness, there can be no social relationship, and therefore no society.

2. Likeness

Likeness is an essential prerequisite of society. Maclver Says," Society means likeness". It exists among the like beings, like-bodied and like-minded". It is likeness or similarity, which provides for understanding each by the other. An understanding of this sort lies at the root of our friendship, intimacy, association, institution and any such other type of social relationship. In the primitive society, the sense of likeness was focused on kinship that is real or supposed blood relationships. But the scope of likeness has broadened in modern societies. People establish similar social relationships in a society on account of similar traditions, folkways, mores etc. Thus, similarity or likeness is the basis of society.

3. Difference:

Society also implies difference. If individuals are exactly alike, their social relationship would be very much limited. There would be little reciprocity, little give and take Family, for example, rests on biological difference of sexes. People differ from one another in their attitude ability, talent; personality etc. people pursue different activities because of these differences.

4. Inter-dependence:

Interdependence is another essential element of society. Family, for example, is based on the biological interdependence of sexes. One depends upon the other for the satisfaction of one's needs. Today not only countries but also continents depend upon one another.

5. Co-Operation and Conflict:

Society is based on cooperation. It is the very basis of social life. Unless people cooperate with each other they cannot lead a happy and comfortable life. No society can be healthy and prosperous without co-operation. Family rests on co-operation with one another to live happily. In the words of P.Gisbert “cooperation is the most elementary process of social life without which society is impossible”. Co-operation avoids mutual destructiveness and results in economy.

Along with co-operation, there is conflict in society. It is the cause of evolution. It makes us think of the process of struggle through which all things have come into existence. Maclver says that "Society is co-operation crossed by conflict".

6. Culture:

Every Society is unique because it has its own culture. Culture is a thing which only human beings possess. It refers to the social heritage of man. It includes our attitude, moral values beliefs, ideas, ideologies, our institutions, political, legal economic, our sciences and philosophies. The member of a society shares a common culture.

7. Abstractness:

Society is an organization marked by division of labour of some kind or other. It consists of social relations, customs, laws and mores etc. These social relations are abstract and intangible. It cannot be seen or touched. It can only be realized.

What state is east of Texas?

Answers

Answer:

Louisiana

Do you really need an explanation? tell me if you do

why are the heritages considered as the precious wealth of the nation? Write any 4 points​

Answers

Heritages are considered as the precious wealth Of the nation because, the heritage structures like monuments, forts, market e.t.c bare witness

Answer because national heritage precious

One of the basic assumptions of the _____ is that all beliefs, no matter how probable they seem and no matter how many people share them, may be wrong.

Answers

Answer:

scientific method

Explanation:

Scientific method is an empirical method of research that employs thorough experimentation in arriving at conclusion. Scientific methods apply skepticism to avoid any wring cognitive assumptions, therefore defines purpose, forms and tests hypothesis and collects data usually through careful observation, analyzes data and makes conclusion based on findings

The difference between using critical thinking explanations and everyday explanations for psychological phenomena is that

Answers

Answer:

The definition of that same given subject is listed throughout the section below about the justifications.

Explanation:

Critical thinking is based on belief as well as natural sciences backing to make assumptions. It relates to the capability to qualitatively analyze information, and make a straightforward answer. It includes determining components, including certain data, observable manifestations, and research results from the proposed study.

Please help me with these questions

Answers

1. Them being for the sake of their economy and religion, they wanted to improve their economy by acquiring more spices and gold.

2. More than half of the pilgrims felt ill and died that first winter.

I NEED ANSWER ASAP
What is a reason time lines are organized chronologically?

to make the events easier to read
to identify the importance of the events
to help determine the causes and effects of events
to provide an in-depth understanding of events

Answers

Answer:

The correct answer is A) to make the events easier to read. A reason timelines are organized chronologically is "to make the events easier to read." Another important reason why they are organized chronologically is to have the correct sequence of events and understand how the previous event affected the following event or many others. This way, historians, students, or people can get a better idea of how events were developed, the time frame, and the impact events had on other events that followed in line. Timelines are good resources when studying events such as World Wars, battles, or news because they help us with the chronology of how events were developed form the beginning to the end.

Explanation:

Based on the chart above, which of the following statements is FALSE?
A. Sheree’s aunt and cousins live in Denver.
B. The airfare to Seattle is more expensive than Denver.
C. Denver has fun activities like a concert and great hiking.
D. Sheree is trying to decide between a vacation to Seattle or Denver.

Answers

Answer:

C

Explanation:

Answer:

A

Explanation:

Cause on the chart it clearly states that her aunt and cousins live in Seattle, not denver

Identify the part of speech for the underlined word. He stands alone because he is so conceited.

Answers

Answer: Conceited is a adjective

Explanation:

The part of the speech that the word Conceited belongs to is adjective.

What is the Part of speech?

Part of speech refers to the sentences in which each and every word belongs to some or the other category of the Grammar. There are total eight parts of the speech which are as follows:-

NounPronounAdverbAdjectiveInterjectionVerbPrepositionConjunction

It tells about the function of the word. Among all the part, adjective is the part of the speech that describes the noun. It includes those words which states about the complete sense of the noun.

In the above sentence, the term conceited refers to those people who are very proud about himself that he ignores the reality. The word conceited is the adjective which states about the characteristic of a person that is noun.

Therefore, it can be concluded that The word Conceited belongs to the adjective part of the speech.

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a geographic imformation system can tie a digital map to a what

Answers

Your answer is database

“all men are created equal," suggesting that this was “self-
evident." Speculate as to what he meant by that statement.

Answers

Answer:

Explanation:

He meant that all men are the same created by god. It's pretty clear that god created all men to be created equal, so it's like common sense. Thomas Jefferson wrote this "self-evident" in hopes of abolishing slavery.

What is the traditional dress of Bhojpuri, please help​

Answers

Answer:

The traditional dress of bhojpuri is lehenga, ghagra and choli for female and for men is salwar kameez.

what is conflict ?write in one sentence​

Answers

Answer: competitive or opposing action of incompatibles : antagonistic state or action (as of divergent ideas, interests, or persons)

Explanation:

What is the purpose of a Form 1040?

Answers

Answer:

The Form 1040 is what individual taxpayers use to file their taxes with the IRS. The form determines if additional taxes are due or if the filer will receive a tax refund.

Explanation:

What are the east-west lines on a globe called?

O A) longitude
OB) degree
OC) prime meridian
OD) parallels​

Answers

Answer:

i more then sure it is a let me know if im wrong

Explanation:

Answer:

longitude

Explanation:

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Sylvia​ Taylor, the executive vice president of human resources at The Weather​ Channel, says that it is important to know what​ skills, education, and other characteristics are important to be successful in a job. What is the name for this list of traits and experiences that employees must have to perform their job at a satisfactory level or​ higher?

Answers

Answer: Job specification

Explanation:

Job specification is defined as the requirements for an individual to carry out a job. Job specification defines what the employer has to have to be able to perform in a specific task to be undertaken by them, that includes the qualifications, skills and personal traits the individual needs to be successful at the job or task. These helps organization to know who fits into the category of people they need and these also helps individuals to know if they are qualified to carry out the described job by the firm.

Machiavelli on Promises: “The promise given was a necessity of the past: the word broken is a necessity of the present.” What does this quote mean a leader might do to get elected?

Answers

Answer:

This quote means that keeping or failing a promise depends on the situation and either could be used by a politician as per the requirement.

Explanation:

This quote has been in reference to the promises made by rulers of city-states in varying situations with either the intention of completing the promise or to fall off his words. This quote convinces people that because of the reality of an unchangeable circumstance the promises made to them could not be fulfilled. However, Machiavelli's quote on a promise is not directed to common people but rulers who make promises in very situations across their lifetime, and therefore its relevance is unique to the situation.

This remark implies that whether a politician keeps or breaks a pledge depends on the circumstances, and that either option might be employed depending on the occasion.

This phrase has been used to characterize promises made by city-state rulers in a variety of settings, with the objective of fulfilling or breaking the pledge. This quote persuades people that commitments made to them could not have been kept due to the reality of an unalterable situation.

However, Machiavelli's pledge remark is addressed at rulers who make pledges in certain moments throughout their lives, therefore its application is specific to the context.

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