Bank credit Meaning In English
Bank credit translation, meaning, definition, explanation and examples of relevant words and pictures - you can read here.
Other Languages:
Meaning
Bank Credit means an amount of credit in the form of a loan from a banking institution to a business or individual. Therefore, it is the total amount of money that a person or business can borrow from a bank or other financial institution.
Example
Types of Bank Credit:
1). Secured 2). Unsecured
Examples of Bank Credit:
Examples of bank credit include money loaned to you by the bank, mortgages, auto loans, personal loans, and credit cards.
Sentence
Bank credit allows individuals to purchase high-priced items that would otherwise be difficult to purchase with cash, such as houses and cars.
