Credit Definition Economics

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Credit definition economics
Practical economics student1
Credit definition economics

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Definition of credit, definition at Economic Glossary
Term credit Definition: The promise of future payment in exchange for money, goods, services, or anything else of value.Car loans, mortgages, credit cards, corporate bonds, commercial paper, and government securities are all forms of credit. In fact, credit is an extremely wide-spread and critical part of our economy.
Credit financial definition of credit -
Credit. Credit generally refers to the ability of a person or organization to borrow money, as well as the arrangements that are made for repaying the loan and the terms of the repayment schedule.
Money and credit - Economics Help
Credit is any form of deferred payment. For example, if you purchase on a credit card – a bank effectively pays on your behalf – anticipating you will pay back the amount to the credit card company in six weeks time. If a bank lends money to a consumer, this is a form of credit. The consumer is ...

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