Credit

Credit is the provision of resources (such as granting a loan) by one party to another party where that second party does not reimburse the first party immediately, thereby generating a debt, and instead arranges either to repay or return those resources (or material(s) of equal value) at a later date.

Source

See Wikipedia

See Also

SmallBusiness.com Glossary


Link to this page: "http://www.smallbusiness.com/wiki/Credit"


 
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This page was created on Jul 08, 2008
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