What is cash credit? - when the person give the cash to some another person expecting to get that cash in future date with some premium added on it is called cash credit.

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Question: What is cash credit?

Answer: when the person give the cash to some another person expecting to get that cash in future date with some premium added on it is called cash credit.

Category	Accounts Interview Questions & Answers - Exam Mode / Learning Mode
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Question: What is cash credit?

Answer:

when the person give the cash to some another person expecting to get that cash in future date with some premium added on it is called cash credit. Source: CoolInterview.com

Answered by: anand | Date: 4/15/2010 |

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when we lend some money to other the it is called cash credit.
Source: CoolInterview.com

Answered by: amit.gohel | Date: 4/24/2010 |

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Any cash given on the basis of credit is known as cash credit Source: CoolInterview.com

Answered by: Reetika Agarwal | Date: 5/5/2010 |

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cash credit establishes a cash account with the lender institution that can be drawn upon by the debtor. This is different from a conventional loan, in that the debtor does not have to receive the entire amount of the loan at one time. Source: CoolInterview.com

Answered by: Himanshu Kulshrestha | Date: 5/8/2010 |

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A short-term cash loan to a company for short period
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Answered by: SURENDRA SHARMA | Date: 5/18/2010 |

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Cash Credit in case of banking industry is the limit which the banks give to the lenders. any amount upto which can be utilsed by them for funding of their working capital. The banks in turn charge monthly interet. It is like current account of the business. Source: CoolInterview.com

Answered by: Ashish Nahata | Date: 8/12/2010 |

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