credit words meaning
is a set of guidelines that sets credit
what is credit policy
credit
what is is an agreement between two parties in which one lends money or provides goods or service
ability to but something now and pay it later
what is business credit
3 Cs of credit
what is capital, capacity, character
debtor
what is is the party who owes money to a creditor
is the party to when money is owed
what is creditor
is a record of a borrower's responsible repayment of debts
what is credit report
principal
what is is the amount of money borrowed
Allows consumers to borrow money or incur debt and to defer repayment of that money over time
what is consumer credit
a company that collects information relating to the credit ratings
what is credit bureau
secured credit
what is credit loans that required collateral
can be a good way for businesses to free up cash flow and finance short-term growth
what is trade credit
a number assigned to a person that indicates to lenders their capacity to repay a loan
what is credit score
(ARP) Annual Percentage Rate
what is interest charged to borrowers and paid to investors
type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payment
what is installment loan