Meaning of credit
Credit
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Finance
Glossary of finance terms
Meaning and definition of credit :
Where goods are not paid for at the time they were bought. They buyer is given an agreed period of time in which to pay for the goods.
For the term credit may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
Source : http://gmbusiness.wikispaces.com/file/view/Glossary.xls
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Glossary of finance terms
Credit
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