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A credit may signify what?

Updated: 9/16/2023
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10y ago

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Decrease in assets

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Q: A credit may signify what?
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A credit may signify...?

Decrease in assets


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In American culture, credit is the score you're given to signify how much an institution can trust you to pay your debts to them on time. Many Americans do not have bulk sums of money; credit allows them to make big purchases and pay on them along and along instead of all at once.


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What is the difference between credit card and revolving credit?

A credit card is a type of revolving credit, whereas a revolving credit account may or may not be a credit card. Revolving credit can also include other types of accounts, such as a revolving line of credit with a bank or a home equity line of credit.


What is the antonym of the word signify?

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What would be the reason to obtain a no credit history credit card?

A person may wish to obtain a no credit history credit card if they have experienced financially difficulties in the past and therefore are concerned that they may have a poor credit history.