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Encyclopedia Britannica - Main :: COR-CRE |
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CREDIT (Lat. credere, to believe) , in a general sense, belief or trust. The word is used also to express the repute which a person has, or the estimation in which he is held. In a commercial sense credit is the promise to pay at a future time
book
account on which payments are entered; hence, sometimes, the payments themselves.The part
production and exchange of wealth is discussed in all economic text-books, but special
Macleod , Theory of Credit (1889-1891). See also Hartley
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