Cash Credit

Tax Glossary Definition

Cash Credit

Cash Credit – Cash credit is a short-term borrowing arrangement through which banks allow businesses to access funds up to an approved limit to finance their day-to-day working capital needs. Interest is levied only on the portion of funds actually drawn, offering flexibility in managing cash flow and operational expenses. Example: A firm with a ₹50 lakh cash credit facility can withdraw money as required for purchases or payments and pays interest solely on the utilized amount.

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