Style “Credit money.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit%20money. Accessed 18 Feb. 2025. Copy Citation Share Post the Definition of credit money to Facebook Facebook Share the Definition of credit money on Twitter Twitter Lo...
Credit money is money that is backed by a promise to pay made by someone other than the state. Examples of credit money include bank deposits and credit card loans. During the Crusades in Europe, precious goods would be entrusted to the Catholic Church's Knights Templar, who effectively creat...
credit (1) In finance,the availability of money.(2) In accounting, a liability or equity entered on the right side of the page in double-entry accounting. The concept is confusing to most consumers because an accounting “credit” does not mean more “stuff” such as property or money; ...
Word History First Known Use 15th century, in the meaning defined above Time Traveler The first known use of creditor was in the 15th century See more words from the same century Dictionary Entries Near creditor credit money creditor creditor nation See More Nearby Entries ...
Define credits. credits synonyms, credits pronunciation, credits translation, English dictionary definition of credits. n. 1. a. An arrangement for deferred payment of a loan or purchase: a store that offers credit; bought my stereo on credit. b. The ter
Origin ofcredit1 First recorded in 1525–35; fromMiddle Frenchcredit“belief, trust, reputation, esteem, money lent or borrowed,” fromOld Italiancredito“financial transaction with payment deferred,” fromLatincrēditum“loan, debt,” noun use of neuter ofcrēditus,past participle ofcrēdere“to ...
Credit is denominated by a unit of account. Unlike money (strict definition) credit can not itself act as a unit of account. Credit is also a traded market. The purest form is the "Credit Default Swap" market which is essentially a traded market in credit insurance. ie a credit default ...
Credit:money coming into the country. Debit:money going out of the country. The current account have 4 sub-divisions: 1.trade in goods(exports &imports)2.trade in services(exports & imports)3.income balance4.current transfers Balance of ...
both the buyer and the seller should be familiar with not only the money amount, but with the amount and quality of the product or service to be exchanged, the time and place at which the exchange will take place and payment will be made, the form of money to be used, the credit ...
the time and place at which the exchange will take place and payment will be made, the form of money to be used, the credit terms and discounts that apply to the transaction, guarantees on the product or service, delivery terms, return privileges, and other factors. In other w...