The system of selling exports on credit rather than for cash payment.
An in-depth look into the system by which goods or services are provided for deferred payment
bank loan A loan from a bank to an individual or firm. Bank advances for large amounts or for business purposes are normally made against security, for example the title deeds of buildings or life insurance policies. Bank overdrafts or personal loans for small amounts are often unsecured if the customer is regarded as a good risk.
In-depth analysis and understanding of consumer debt as an economic term
The theory that business cycles are caused by fluctuations in credit
Understanding the concept of credit standing and its implications in economics.
The opinion of potential lenders about the safety of loans to any particular borrower.
Definition and detailed explanation of the term Instalment in economics.
A negative balance in a bank account, often allowed by prior arrangement but incurs interest and extra service charges.
Understanding the concept and mechanisms of revolving loans in economics.
A loan due to be repaid on a definite date, particularly in US usage
A loan where the creditor has no claim on any particular asset of the debtor in the event of default.
