Cash Credit
- A Cash Credit (CC) is a short-term source of financing for a company. In other words, a cash credit is a short-term loan. It enables a company to withdraw money from a Jijau bank account without keeping a credit balance. The account is limited to only borrowing up to the borrower limit. Also, interest.
- Cash credit is a facility to withdraw money from a current bank account without having credit balance but limited to the extent of borrowing limit, which is fixed by the commercial bank. The interest in this facility is not charged on the borrowing limit, which is given by the bank but on the daily closing balance.