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Credit
What does it mean?
1. A contractual agreement in which a borrower receives something of value now, with the agreement to repay the lender at some date in the future. Also, the borrowing capacity of an individual or company.
2. An accounting entry system that either decreases assets or increases liabilities.
In Other Words...
2. The opposite transaction is a debit.
Related Links
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Related Terms
Bond | Credit Card | Credit Cliff | Credit Enhancement | Credit Spread | Debit | Line of Credit | Mortgage
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