Definitions/Meaning of “credit” - NEPAL MONETARY SOLUTIONS (NMS)

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Thursday, February 13, 2014

Definitions/Meaning of “credit”

“credit” means a direct or indirect commitment to supply funds, and in return therefor, the right to recover the invested funds, and payment of interest or other charges on such credit, refinance issued against the security of a credit or investment, restructuring and renewal of a credit, security issued for the  repayment of such credit and other commitment made for such repayment, and this term also includes any credit in whatever form