Credit
Money, goods or services provided now with payment due later, usually under agreed terms.
Related terms
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Supplier credit
An arrangement where a supplier provides goods or services now and allows the customer to pay later under agreed terms.
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Credit agreement
A contract setting out the terms on which credit is provided, including repayment, interest, charges and any security.
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Trade credit
Credit given by a supplier allowing a business customer to pay for goods or services after delivery rather than immediately.
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