Q1 Dec 2015

This topic has 3 replies, 2 voices, and was last updated 7 years ago by Kim Smith.

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September 12, 2018 at 5:54 pm #474296
jagmeet
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What is a preferential loan?
September 13, 2018 at 8:10 am #474387
Kim Smith
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It would be a loan on terms that are better than normal/market terms. So for example if the market rate of interest for a loan would be at interest of 6% but a loan requires only interest paid at 4%, it could be described as preferential.
September 13, 2018 at 10:37 am #474480
jagmeet
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thank you sir
September 13, 2018 at 10:39 am #474483
Kim Smith
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You are welcome!
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