Meaning of credit

 


 

Credit

 

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Finance

Glossary of finance terms

 

Meaning and definition of credit :

 

Where goods are not paid for at the time they were bought. They buyer is given an agreed period of time in which to pay for the goods.

 

For the term credit may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.

 

Source : http://gmbusiness.wikispaces.com/file/view/Glossary.xls

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Meaning and definition of credit
Credit