1) What is Bank?
In nutshell, a bank is a financial institution licensed
as a receiver of cash deposits. A Bank is obviously a place of business, Bank
don’t manufacture products or extract any nature resources.
So Bank is an institution where the clients deposits
their money and these deposits are invested in trade, Commerce and Industries
on Various term basis.
Question: What are the differences between
Time loan & Term Loan?
Answer: Generally you will find the following
difference between Time loan and Term Loan
|
Subject
|
Time Loan
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Term Loan
|
|
Purpose
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For short term finance ie , for working
capital
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For financing capital expenditure
|
|
Tenor
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Up to one Year
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For over a period of one year
|
|
Repayment
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Fixed maturity date indicating due date
for repayment
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As per specific
repayment schedule within specific time
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