The correct answer is savings. Explanation & Key Takeaways: • In terms of credit, apart from the rate of interest, collateral also includes documentation, mode of repayment. • Rate of interest- The borrower is required to pay interest on the principal amount. • Collateral- The borrower uses this asset as a guarantee to the lender up until the debt is paid off. • Documentation- It is necessary to present accurate loan documentation that include all the terms and conditions. • Repayment method: It must be made clear how the borrower intends to pay back the loan. Loans with long repayment terms may be payable in annual, biannual, or monthly instalments. Hence, the correct answer is that savings are not included in terms of credit.