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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 MatchesSight Letter of CreditSight Letter of CreditA letter of credit made payable to a beneficiary upon presentation to the opener of conforming documents. CreditworthinessCreditworthinessEligibility of an individual or firm to borrow money. Credit agenciesCredit agenciesCompanies such as Equifax or Experian that are often used by lenders to assess your financial background and determine the level of risk involved with lending you money. Credit balanceCredit balanceThe surplus in a cash account with a broker after purchases have been paid for, plus the extra cash from the sale of securities. CreditorsCreditorsPeople or companies who are owed money by debtors. Further SuggestionsBackup Line of Creditcredit insurance Equity Line Of Credit Commodity Credit Corporation Confirmed Letter of Credit Credit rating Trade credit children's tax credit Loose credit Credit quality Generic credit spread Creditors committee Earned income credit Close end credit Federal Farm Credit System Revocable letter of credit Credit enhancement Credit checks Transferable letter of credit National Credit Union Administration Retail credit Export credit Credit period Foreign Credit Insurance Association (FCIA) Nonaccredited investor |
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