Question

explain credit transaction​

Answer 1

Answer:

Credit transaction means any transaction by the terms of which the repayment of money loaned or loan commitment made, or payment for goods, services, or properties sold or leased, is to be made at a future date or dates.

Explanation:

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Answer 2

Credit transaction means any transaction by the terms of which the repayment of money loaned or loan commitment made, or payment for goods, services, or properties sold or leased, is to be made at a future date or dates.

credit card builds up a balance that requires a monthly payment. ... A debit transaction using your PIN (personal identification number), is an online transaction completed in real time. A credit transaction using your signature is completed offline.