What Is The Meaning Of Cash Credit?


2 Answers

Steven Vakula Profile
Steven Vakula answered
Cash is currency. Credit is like an American Express card or Master Card or a Visa. When you pay with cash it is paid for while when you use credit cards you are borrowing the money.
Anonymous Profile
Anonymous answered
Cash credit is an account with a bank by which a person or house, having given security for repayment, draws at pleasure upon the bank to the extent of an amount agreed upon. It is also called bank credit or cash account.

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