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Define credite

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Define credite

Posted by Payal Sharma 5 years, 2 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 2 months ago

The Credit refers to an agreement under which goods and services, or money is exchanged against a promise to pay later. This agreement is largely based on trust.

Another definition of Credit refers to the money given by banks to its customer and the later has to pay it on time. If he fails to pay the same on time, he will be charged by the bank.

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CBSE > Class 10 > Social Science