Question

explain what is credit ?

Answer 1

it is a agreement in which the lender supplies the borrower with money or service in return for the promise to future payment

Answer 2

Answer:

Credit is money an investor may borrow from a broker in order to buy securities.

Explanation:

Credit is a very important aspect of buying a home. A lender wants to make sure the borrower will pay back the money. In order to determine if an individual is a good credit risk, a lender looks at four things, called the '4 C's of credit' -  capital, capacity, credit, and collateral.  

While the 'credit cards' can play an important role in improving your 'financial record', credit by itself is better defined as a bank believes in you to 'repay a loan'.  

Having a line of credits means a bank believes you will give back the money you have borrowed to make a purchase.