Credit, in commerce and finance, term used to denote transactions involving the transfer of money or other property on promise of repayment, usually at a fixed future date.
The transferor thereby becomes a creditor, and the transferee, a debtor; hence credit and debt are simply terms describing the same operation viewed from opposite standpoints.
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MSNBC NEWS UPDATE
Stocks slip despite consumers' improving moods
By Charley Blaine and Elizabeth Strott
MSN April. 28
Concerns that Citigroup and Bank of America may need more capital offset better consumer confidence. IBM boosts its dividend 10%. Home prices aren't falling as fast as before. Researchers say Dendreon's prostate-cancer drug extends lives. story...
DOW off 51 as swine flu fears
By Charley Blaine and Elizabeth Strott
MSN April. 27
Investors dump airline and cruise stocks,story..Demand to see your credit score
By Liz Pulliam Weston
MSN April. 27
Experian's refusal to let consumers see their FICO scores, even for a price, hands more power to lenders. Lawmakers might end this outrage -- if we give them a push. story...
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