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What is credit ?

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What is credit ?

Posted by Aditya Pal 6 years, 4 months ago

CBSE > Class 10 > Social Science

2 answers

Massenger Bhardwaj 6 years, 4 months ago

Credit is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburise the first party immediately, but promises either to repay or return those resources at a later date

Miss. 1234 6 years, 4 months ago

Credit or loan refers to an agreement in which the lender supplies to borrower ? money, goods or services, with the promise of future payment.

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