Credit

Credit score chart.

Credit is a term that refers to the "Belief or confidence in the truth of something." The term is used in relation to the approval for delayed payments for purchased goods, services, or money (loans). Borrower normally issues a receipt to the lender promising to pay back. A credit frequently involves an interest and other costs like arrangement fees. Trustworthy is related to the ability to pay. Creditworthy is based on a person's credit history, or credit rating.

Companies that offer credit to their customers are part of the Financial market. Risks involving credit concern regulators of this markets.

The term could also be used as: Recognition or approval for an act, ability, or quality. Ibidem

See also

• Market economy
• Credit card
• Wall Street