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Credit1. Recorded as positive (+) in the balance of payments, any transaction that gives rise to a payment into the country, such as an export, the sale of an asset (including official reserves), or borrowing from abroad. Opposite of debit. 2. A loan. For example, a trade credit.CreditMoney loaned.CreditA measurement of a person's ability to pay bills on time. Several companies track individuals' credit histories by detailing late or missed payments on loans, credit cards and other debts.CreditIn the trading terms between companies, credit is the value of goods which one company will supply to another before payment is necessary. So a supplier might extend credit of £10,000 to Company B and allow 60 days from the contract date before payment is due. If Company B orders goods worth £15,000, Company A would request payment of £5,000 to bring the account with the credit terms, even if the 60 days are not yet up.Similar MatchesCredit StandardsCredit StandardsThe guidelines a company follows to determine whether a credit applicant is creditworthy. Accredited investorAccredited investorRefers to an individual whose net worth, or joint net worth with a spouse, exceeds $1,000,000; or whose individual income exceeded $200,000 or whose joint income with a spouse exceeded $300,000 in each of the 2 most recent years and can be expected to meet that income in the current year. More details of the definitions for investors other that individuals are found in Regulation D of the Securities and Exchange Commission. CreditorCreditorLender of money. Credit enhancementCredit enhancementPurchase of the financial guarantee of a large insurance company to raise funds. Confirmed Letter of CreditConfirmed Letter of CreditA letter of credit which a bank other than the bank that opened it agrees to honor as though they had themselves issued it. This additional confirmation is in addition to the obligation of the bank which issued the letter of credit. Further SuggestionsCredit reference agencySyndicated Eurocredit loans Credit bureau Credit card National Credit Union Administration Export Credits Guarantee Department Credit union Creditor nation National Credit Union Administration Revolving line of credit Export credit insurance credit card Federal Farm Credit Bank Open end credit Transferable letter of credit Credit history Eurocredits Revocable letter of credit credit rating bank credit Demand line of credit secured creditor Credit agencies Creditors committee Earned income credit |
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