Single lump-sum credit is a loan that must be repaid in total on a specified day,usually within 30 to 90 days.

Name: Single lump-sum credit is a loan that must be repaid in total on a specified day,usually within 30 to 90 days.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A single lump-sum credit is indeed a type of loan arrangement where the borrower is required to repay the entire loan amount in one full payment on a specified due date, which often falls within a short-term period such as 30 to 90 days.

Single Lump-Sum Credit Is a Loan That Must Be Repaid