credit
Definition 1
General: Reputation for solvency.
Definition 2
Accounting: In double entry bookkeeping, entry on the left-hand side of an account record. It has the effect of decreasing an asset or expense account, or of increasing a capital, liability, or revenue account. See also debit.
Definition 3
Banking: Purchasing power created by banks through lending based on fractional reserve system. Banks literally 'create' money with their bookkeeping entries.
Definition 4
Commerce: Agreement based largely on trust under which goods, services, or money is exchanged against a promise to pay later. Also called commercial credit.
Definition 5
International trading: Short form of the term letter of credit.
credit is in the Accounting & Auditing, Advertising, Marketing, & Sales, Banking, Commerce & Finance and International Trade & Relations subjects.
credit appears in the definitions of the following terms:
joint return,
balancing the books,
account inquiry,
normal account balance,
availability under documentary credit,
banker's lien,
overapplied overhead,
credit swap,
payment system,
bond classification
and
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