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A loan.
a "credit balance" is money that you have.
Yes.... a credit card balance is money owed by the card-holder to the company. Therefore it is a liability.
Outstanding balance in your loan account or credit card account that remains unpaid beyond the due date. It's the debtor's obligation to repay such dues to the creditor.
Credit cards were made because banks wanted to keep up with credit as in owed money better.
A loan.
a "credit balance" is money that you have.
creditThe opposite of debit is credit. A debit is something owed. A credit is something gained.
Yes.... a credit card balance is money owed by the card-holder to the company. Therefore it is a liability.
The countries that Mexico owed money to are France, Spain, USA, and England.This is not the answer to "Why did Mexico borrow money from other countries" :/
The debit side would be money that you owed and paid out for a service. They credit side is money that was paid to you by someone that owed you for services or products.
Outstanding balance in your loan account or credit card account that remains unpaid beyond the due date. It's the debtor's obligation to repay such dues to the creditor.
Credit cards were made because banks wanted to keep up with credit as in owed money better.
Only if you have the credit card if your divorsed it dosent matter
No.
Credit measures ability to buy, while debt means money owed.
Absolutely not, you can only make a legitimate loan through a bank