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- Credit in economics, is means by which goods
- or services are obtained without immediate
- payment, usually by agreeing to pay interest.
- The three main forms are consumer credit
- (usually extended to individuals by
- retailers), bank credit (such as overdrafts
- or personal loans), and trade credit (common
- in the commercial world both within countries
- and internationally).
-
- Subject by: Mervin Dykes
-