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Credit is a written agreement during which a receiverreceives one thing of import currently and agrees to repay the investor at some date within the future, usually with interest. Credit also refers to AN ledger entry that either decreases assets or will increase liabilities and equity on the company’s record.
Bank credit is the overall quantity of credit available to a business or individual from a banking institution. It consists of the overall quantity of combined funds that monetaryestablishments offer to a private or business..
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An example of credit is a congratulations for finishing graduate school whereas operating 2 jobs at an equivalent time. An example of credit is the number of cash out there to pay during a bank revolving credit, or the funds another to a bank account. An example of credit is the number of English courses want for a degree.