What does it means ?
Bank credit is an amount of funds that a person or business can borrow from a bank.
For Example:
All kinds of things can be bank credit: mortgages, credit card accounts and even overdraft lines. Added together, this is bank credit.
The cost and terms of bank credit varies, depending on whether there is collateral involved, what competing banks are offering, and of course the borrower's creditworthiness.
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