Also Known As:
Charge account, credit card, line of credit (types of credit)
Examples:
Rob paid for his inventory on credit.
Common Misspellings:
none
Related Resources:
New Credit Rules Credit Resources Elsewhere on the Web:
Definition:
A financial product that allows the ability to defer a payment or payments until a later date. Interest rates are applied on the amount of credit used.
Related Terms
• Automated Credit
• Loan
• Lender
Getting Credit
Before applying for credit, review your credit history.
Learn about the 5 C's of credit and new lending rules.
All the Web resources on small business credit.
174 Types of Capital
A complete listing of all types of loan and credit products available to small business.
<Back to Last Page> <Full Glossary>
Credit
<Back to Last Page> <Full Glossary>
Explore Small Business Information
Must Reads
About.com Special Features
10 Things You Can Do Today to Improve Your Credit
Easy steps to take control of your credit card debt. More >
Year End Tax Planning
Discover financial planning opportunities with these three tips. More >
©2009 About.com, a part of The New York Times Company.
All rights reserved.