Credit counseling — (known in the United Kingdom as debt counseling) is a process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan and Budget. Credit… … Wikipedia
Credit card debt — is an example of unsecured consumer debt, accessed through credit cards. Debt results when a client of a credit card company purchases an item or service through the card system. Debt accumulates and increases via interest and penalties when the… … Wikipedia
credit — an entry made on the right hand side of an account and indicating a gain to a liability, owner s equity or revenue account. Glossary of Business Terms money loaned. Bloomberg Financial Dictionary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1.… … Financial and business terms
Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… … Financial and business terms
credit — [[t]kre̱dɪt[/t]] ♦♦ credits, crediting, credited 1) N UNCOUNT: oft on N If you are allowed credit, you are allowed to pay for goods or services several weeks or months after you have received them. The group can t get credit to buy farming… … English dictionary
credit — noun 1》 the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. ↘money lent or made available under such an arrangement. 2》 an entry in an account recording a sum… … English new terms dictionary
credit bureau — a firm that investigates the creditworthiness of and assigns a credit rating to a client s customers or potential customers. Also called credit agency. * * * Organization that provides information to merchants or other businesses concerning the… … Universalium
account — n. & v. n. 1 a narration or description (gave a long account of the ordeal). 2 a an arrangement or facility at a bank or building society etc. for commercial or financial transactions, esp. for depositing and withdrawing money (opened an account) … Useful english dictionary
Account Activity — A banking term that refers to any activity that creates a debit or credit in an account. In a bank account, this would include deposits and withdrawals. In a brokerage account, it would include buy and sell transactions, dividends, interest, etc … Investment dictionary
Credit advice — An ISO term. An advice by the account servicing bank of a credit to the account of the receiver (account owner). This advice shall not be used to transmit payment instructions … International financial encyclopaedia
Credit transaction — An ISO term. A claim for funds for the cardholder for the credit of his account … International financial encyclopaedia