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credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit).
What else can I help you with?
What is IBCA in banking?
IBCA in terms of Banking mean, Inter Bank Credit Transactions IBDA Inter Bank Debit Transactions
What do you mean by clearance in banking terms?
what do you mean by clearance in banking
Define 5 cs of credit in banking terms?
The 5 C's of credit in banking terms are the following: 1. Character 2. Capital 3. Capacity 4. Collateral 5. Conditions
In the banking industry what does loc mean?
Line of Credit
What does TI'S mean in banking terms?
Trade Invoice
What does non derogatory mean in terms of banking?
non derogatory in banking means that an account is ok
What does tr mean in banking terms?
Emily is I'm not shore
What does cc mean in reg cc for banking?
It means Credit Control
What does non-derogatory mean in terms of banking?
A non-derogatory account is a bank account (typically a credit account) which is current and has experienced no late payments in the last 36 months. Non-derogatory from a banking standpoint basically means that an account is OK.
What does SLF mean in banking terms?
SLF = Syndicated and Leveraged Finance
What is the full form of cma data in banking terms?
The full form of CMA data is CREDIT MONITORING ANALYSIS.
What does DND credit terms mean?
Do not disclose.
