forms of credit - it's different kinds of loans, classification is carried out on several basic criteria.One of the evaluation criteria is lent to the amount at which loans can be divided into three types: cash, trade mixed.As the first in the history of the creditors is a subject with significant surpluses of commodities, first loans were issued in the form of a specific product in kind.When commodity loan debtor is gradually repaid the cost of borrowed money products, and only after full repayment, they became his property.
In developing countries, mixed forms of credit are often used now, while the loan is usually issued in cash and paid through the provision of goods to this amount taking into account accrued interest on borrowings.However, in developed economies like the variety of loans long been relegated to the past, and they were replaced by monetary relationships.Considering the main form of credit, you can select the classic loans that are not of the nature of barter and trade relations.Under these loans the borrower only available free funds for which he acquires the right products, property, plant and equipment, transport equipment.
Modern forms of credit and their characteristics are linked in many ways to obtain a loan, as well as the entity that provides the loan.If you are involved in such transactions are not banks and financial institutions, and commercial organizations, for processing the transaction most commonly used instrument.This credit is called trade or business, and the main purpose of the variety of loan deals will of the parties to speed up the process of product sales and profits quickly.Currently, the developed countries, instead of bills is often a standard contract between the consumer and the supplier, which clearly regulates the payment of goods sold.
These forms of credit as state loan, provide for participation in the transaction of the authorities, but rather the personal savings of citizens and legal entities in debt funds are provided from the budget.Generally, the money is transferred through the Central Bank, or through commercial financial institutions, if funding for the country's leadership attracted funds from other institutions.
If the borrower and the lender are residents of different states, there is a relationship between the credit takes the form of international loans.In situations where the parties to the transaction are the IMF and the authorities of the country, taking on debt funds, the loan is granted only in monetary form and in one of the recognized world currencies.While executing transactions between residents of different states, the purpose of which is to conduct foreign trade loans are often available in the form of commodities, and is a type of commercial loan for the importer.
Who civilian forms of credit are used most often, they are usurious nature and are divided into industrial and consumer loans.When the first type of loan transaction entities are banks and legal persons, as the debtor receives the money spent on the completion of the fixed assets and working capital.Consumer loans are designed for people who want to buy a particular product or to resolve their temporary financial difficulties.Typically, these loans can be issued by cash or bank transfers funds to their own trade organization, in which a borrower acquires consumer goods.