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| Definitions by InvestorWords.com |
| What is...? |
| credit A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some later date. Also, the borrowing capacity of an individual or company. Also, tax credit. see also 5 C's of credit, accounts payable, accounts receivable, line of credit, collateral, full faith and credit, commercial credit, commitment fee, consumer credit, dating, deferred billing, deferred credit, earnings credit rate, Equal Credit Opportunity Act, Eurocredit, Fair Credit Reporting Act, finance charge, letter of credit, National Credit Union Administration, margin, revolving credit. |
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