EBC Financial Terms TIPS:Bank Credit

2023-05-09
Summary:

The term bank credit refers to the amount of credit available to a business or individual from a banking institution in the form of loans.

Bank Credit:

The term bank credit refers to the amount of credit available to a business or individual from a banking institution in the form of loans. Bank credit, therefore, is the total amount of money a person or business can borrow from a bank or other financial institution. A borrower's bank credit depends on their ability to repay any loans and the total amount of credit available to lend by the banking institution. Types of bank credit include car loans, personal loans, and mortgages.

Bank Credit

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