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Differentiate between Cash Credit and Outright Loans. - Economics

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प्रश्न

Differentiate between Cash Credit and Outright Loans.

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उत्तर

  1. Cash Credit - It is refers to a loan given to the borrower against this current asset like shares, stock. bonds etc. A credit limit is sanctioned and the amount is credited to his account.
  2. Outright Loans - An outright loan would be a lump sum of money that the borrower intended to use for sure.
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2021-2022 (March) Set 1
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