Credit (finance)

Frae Wikipedia
Jump to navigation Jump to search

Credit (frae Laitin credere translation. "tae believe") is the trust which allaes ane pairty tae provide money or resoorces tae anither pairty whaur that seicont pairty daes nae reimburse the first party immediately (thareby generatin a debt), but instead arranges either tae repay or return those resoorces (or ither materials o equal value) at a later date.[1]

References[eedit | eedit soorce]

  1. Credit [def. 2c]. (n.d.). In Merriam Webster Online. Retrieved 5 March 2015, from [1]