This is a running account facility that is extended for a short period, not more than 12 months, and renewed every year. Banks normally lend money against the primary security of stock and debtors. Percentage of secondary security would depend…
This is a running account facility that is extended for a short period, not more than 12 months, and renewed every year. Banks normally lend money against the primary security of stock and debtors. Percentage of secondary security would depend…