Question

what do you mean by credit

Answer 1

Credit is borrowed money that you can use to purchase goods and services when you need them. You get credit from a credit grantor, whom you agree to pay back the amount you spent, plus applicable finance charges, at an agreed-upon time.

Answer 2

Credit is an agreement which is sign usually between the lender and borrowing person, which contains some details about the money lend by the lender and to repay the money within the fixed by lender along with interest, credit also vary from country to country