IN FINANCING PROCESS THERE ARE TWO PARTIES
ONE GET LOAN AND ANOTHER WHO RECEIVE IT
BUT IN TAKEOUT FINANCING THERE ARE THREE PARTIES--
1) ONE WHO GET LOAN
2) WHO RECEIVE LOAN
3)TAKEOUT INSTITUTION , IN INDIA IIFCL i.e. INDIAN INFRASTRUCTURE FINANCE COMPANY LTD. WHO WILL GIVE GUARANTEE TO LOAN PROVIDING BANK THAT HE WILL TAKE OVER LOAN AFTER SOME TIME. IN THIS WAY LOAN PROVIDING BANK SECURE THEMSELF. FROM LONG TERM LOAN
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