17 C
Monday, July 15, 2024

Credit: What It Is and How It Works

- Advertisement -spot_img

What Is Credit?

The word “credit” has many meanings in the financial world, but it most commonly refers to a contractual agreement in which a borrower receives a sum of money or something else of value and commits to repaying the lender at a later date, typically with interest.

Latest news
Related news


Please enter your comment!
Please enter your name here