Interest rate, collateral and documentation requirement and the mode of repayment of a loan together comprise ____.

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Interest rate, collateral and documentation requirement and the mode of repayment of a loan together comprise terms of credit.
The terms of credit are defined by a set of conditions that a lender sets upon the borrower to obtain credit. Terms of credit usually comprise an interest rate, collateral, various documentation requirements, and the mode of repayment. A collateral asset is an asset the borrower owns and uses as a guarantee to a lender until the loan is repaid. The lender has the right to sell these assets to recover the loan amount if the borrower fails to repay the loan. Similarly, other conditions, such as interest rates, etc., are decided by the lender based on the nature of the borrower. The terms of credit vary depending upon different circumstances and the nature of the borrower in other credit arrangements.

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