Question

Define the term credit and what are the two different terms used in credit?

please urgent​

Answer 1

Answer:

Key Takeaways. Credit is generally defined as an agreement between a lender and a borrower, who promises to repay the lender at a later date—generally with interest. Credit also refers to an individual or business' creditworthiness or credit history.

Answer 2

Credit is generally defined as an agreement between a lender and a borrower, who promises to repay the lender at a later date—generally with interest. Credit also refers to an individual or business' creditworthiness or credit history.

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