CRD Definition: Credit

Credit:

The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.

CRD Definitions: Bad Credit | Bankruptcy | Consumer Credit Counseling Service | Credit | Credit Card | Credit Grantor | Credit History | Credit Counseling | Credit Record | Credit Repair | Credit Report | Credit Reporting Agency | Credit Risk | Credit Score | Credit Scoring System | Credit Union | Debt | Debtor | Default | Delinquency Assessment | Dispute | Equal Credit Opportunity Act (ECOA) | Equifax | Experian | Fair Credit Reporting Act(FCRA) | Foreclosure | Garnishment | Good Credit | Goods and Services Dispute | Lien | Lien Waiver | Past Due | Payment Due Date | Trans Union | Truth in Lending Act | Credit Instructor | Credit Report Repair | Credit Repair Options