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credit

(Encyclopedia) credit, granting of goods, services, or money in return for a promise of future payment. Most credit is accompanied by an interest charge, which usually makes the future payment greater ...

Credits

Taxpayers can reduce their income tax liability by claiming the benefit of certain tax credits. Each dollar of tax credit offsets a dollar of tax liability. The f…

The Top Five Consumer Credit Scams

They can drain your finances, destroy your good reputation, and even get you jailedSource: Federal Trade Commission. Credit repair. Credit-repair companies run advertisements in newspapers, r…

credit union

(Encyclopedia) credit union, cooperative, not-for-profit financial institution that makes low-interest personal loans to its members. It is usually composed of persons from the same occupational group or the ...

credit card

(Encyclopedia) credit card, device used to obtain consumer credit at the time of purchasing an article or service. Credit cards may be issued by a business, such as a department store or an oil company, to ma...

Social Credit

(Encyclopedia) Social Credit, economic plan in Canada, based on the theories of Clifford Hugh Douglas . The central idea is that the problems fundamental to economic depression are those of unequal dist...

Income and Credit

Find a list of American income and credit statistics below that includes U.S. GDP, total receipts and outlays of the Federal government, oustanding consumer credit, persona…

credit, letter of

(Encyclopedia) credit, letter of, commercial instrument through which a bank or other financial institution instructs a correspondent institution to advance a specified sum of money to the bearer. The documen...