credit
Definition 1
A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some later date. When a consumer purchases something using a credit card, they are buying on credit (receiving the item at that time, and paying back the credit card company month by month). Any time when an individual finances something with a loan (such as an automobile or a house), they are using credit in that situation as well.
Definition 2
The borrowing capacity of an individual or company.
Definition 3
Tax credit.
A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some later date. When a consumer purchases something using a credit card, they are buying on credit (receiving the item at that time, and paying back the credit card company month by month). Any time when an individual finances something with a loan (such as an automobile or a house), they are using credit in that situation as well.
Definition 2
The borrowing capacity of an individual or company.
Definition 3
Tax credit.
This content can be found on the following page:
credit is ...
... part of the Lending & Credit and Taxes subjects.
... part of the Lending & Credit and Taxes subjects.
... #98 on our list of the most popular terms.
... an essential investing term.
Related Terms
full faith and credit, commercial credit, commitment fee, consumer credit, dating, deferred billing, deferred credit, earnings credit rate, Equal Credit Opportunity Act, Eurocredit and
credit appears in these other terms
credit order, business credit, fictitious credit, credit risk, cash credit, credit agency, credit life insurance, credit enhancement, service credit, Unified Tax Credit and
credit appears in the definitions of these other terms on BusinessDictionary.com
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