Question

Explain the term credit ?

❎ᴅᴏɴ'ᴛ ꜱᴩᴀᴍ❎ ​

Answer 1

Answer:

Credit is generally defined as a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date—generally with interest. ... Credit also refers to the creditworthiness or credit history of an individual or company.