What is Cash Credit?

2. What is Cash Credit?

  1. Type of lending program or line of credit that is aimed at impacting a rural population in some manner
  2. A source of short-term finance for businesses and companies
  3. Extension of very small loans to impoverished borrowers who typically lack collateral
  4. The credit checks for which the system compares the credit limit of the customer with the net document values

Answer: B) A source of short-term finance for businesses and companies

Explanation:

Cash Credit (CC) is a wellspring of transient money for organizations and organizations. Cash credits are likewise called working capital advances as they store the moment cash necessities of the associations, or to buy current resources. Acquiring limits on how much money is accessible for credit for the organization differs between business banks.

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