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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 MatchesExport Credits Guarantee DepartmentExport Credits Guarantee DepartmentThe government department which helps companies finance exports, mainly by insuring them against the possibility of non-payment by their customers. Unified tax creditUnified tax creditA federal tax credit that reduces tax liability, dollar for dollar, on lifetime gifts and asset transfers at death. 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. Demand line of creditDemand line of creditA bank line of credit that enables a customer to borrow on a daily or on-demand basis. Crediting rateCrediting rateThe interest rate offered on an investment type insurance policy. Further SuggestionsCreditorchildren's tax credit Federal credit agencies Tax credit Nonaccredited investor Creditors committee Close end credit Credit rating Credit period Full faith and credit obligations Credit agencies credit reference agency Credit analysis Credit history credit insurance Unconfirmed Letter of Credit secured creditor Credit card unified tax credit Backup Line of Credit Credit balance Consumer Credit Protection Act of 1968 Eurocredit market Credit reference agency Time Letter of Credit |
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