trade credit is not cash loan. justify the sentence
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trade credit is not cash loan. justify the sentence
trade credit is not cash loan. justify the sentence
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Explanation:
A trade credit is an agreement or understanding between agents engaged in business with each other that allows the exchange of goods and services without any immediate exchange of money. When the seller of goods or service allows the buyer to pay for the goods or service at a later date, the seller is said to extend credit to the buyer.