Question

what is mean of credit ? ​

Answer 1

Answer:

Credit is generally defined as an agreement between a lender and a borrower, who promises to repay the lender at a later date—generally with interest.

Credit also refers to an individual or business' creditworthiness or credit history.

Answer 2

Answer:

Credit is a broad term that has many different meanings in the financial world. It 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. Sometimes, it may even involve crediting a 401(k), for instance.