Gold Loan
Gold Loan
Its a kind of secured type loan where gold, for example, ornaments, jewellery, coins are taken as security by the loaning bank/NBFC. The credit is given to the borrower against this gold as guarantee.
Letter of Credit
Letter of Credit Importers and exporters normally require intermediaries such as banks or alternative financiers to guarantee payment and also the delivery of goods. Cash advances or trade credits on open accounts are usually used after the buyer and seller develop a trusted relationship. Therefore trade finance structures are used to support these relationships.
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