Economy, asked by Ragavarshini08, 1 year ago

pls tell me about credit?

Answers

Answered by ninja006
2
Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest. Credit also refers to an accounting entry that either decreases assets or increases liabilities and equity on the company's balance sheet.
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