Business / Taxes / Credit: Credit generally refers to the ability of a person or organization to borrow money, as well as the arrangements that are made for repaying the loan and the terms of the repayment schedule. If you are well qualified to obtain a loan, you are said to be credit-worthy. Credit is also used to mean positive cash entries in an account. For example, your bank account may be credited with interest. In this sense, a credit is the opposite of a debit, which means money is taken from your account.
Credit Verb Synonyms: ascribe, acknowledge, attribute, assign, impute
Credit Noun Synonyms: belief, faith, trust, credence
Business / Taxes / FACT Act (Fair And Accurate Credit Transactions Act): Designed to help consumers check their credit reports for accuracy and detect identity theft early, the FACT Act gives every consumer the right to request a free report from each of the three major cr MORE
Business / Agriculture / GSM-5 Direct Export Credit Program: A federal export assistance program once operated by the Foreign Agricultural Service. Loans were made directly by the Commodity Credit Corporation at USDA-determined interest rates to foreign buyers MORE
Business / Accounting / Fair Credit And Charge Card Disclosure Act (1989): A part of the Truth in Lending Act that mandates a box on credit card applications that describes key features and costs (i.e., APR, grace period for purchases, minimum finance charge, balance calcula MORE