Question

What is Credit ?

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Answer 1

Answer:aslamualaikum...

good night dear brother and all,

have a sweet dreams...

Credit is the trust that lets people give things (like goods, services or money) to other people in the hope they will repay later on. Example: ... Example: Banks will often let people borrow money through a "credit card" or a "line of credit" in the hopes the person will pay it back. The bank will usually charge interest...

Answer 2

Answer:

Credit is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately, but promises either to repay or return those resources at a later date.