Money loaned.

An arrangement in which an item for sale is received by the purchaser and paid for at a later date. A loan. The positive balance in a bank account. An amount entered in a company's [..]

Definition Unit in which the successful completion of courses or modules is earned and documented during and at the end of an educational programme. Credits express the volume of learning based on the [..]

With respect to double-entry accounting, a credit records increases in liability, owners’ equity, and revenue accounts or decreases in asset accounts; with respect to borrowing, the willingness and ability of the borrower to make promised payments on the borrowing.

A trust or promise to buy now and pay later under designated terms for goods or services.

1540s, from credit (n.). Related: Credited; crediting.

1520s, from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from past participle of credere "to tr [..]

A method of purchasing wherein the product or service is acquired for the promise of paying money for the acquisition at a later time.

The right granted by a creditor to pay in the future in order to buy or borrow in the present; also, a sum of money owed to a person or business.

Money received in an account either from a deposit or from a transaction that results in increasing the account's cash balance.

Credit generally refers to the ability of a person or organization to borrow money, as well as the arrangements that are made for repaying the loan and the terms of the repayment schedule. If you are well qualified to obtain a loan, you are said to be credit-worthy. Credit is also used to mean positive cash entries in an account. For example, your [..]

For the definition of Credit (C), refer to the CQU Policy Website for the Grades and Results Policy.

Deferred payment for goods and/or services purchased. Also, recognition of above average performance. [D02589]

The promise of future payment in exchange for money, goods, services, or anything else of value. Car loans, mortgages, credit cards, corporate bonds, commercial paper, and government securities are al [..]

1) The ability to borrow money; a lender

1) To believe or trust in the truth of something, for instance, by crediting a statement made at a court hearing. 2) To place on the credit side of an account, for example, by crediting the account wi [..]

give someone credit for something; "We credited her for saving our jobs" recognition: approval; "give her recognition for trying"; "he [..]

1. Recorded as positive (+) in the balance of payments, any transaction that gives rise to a payment into the country, such as an export, the sale of an asset (including official reserves), or borrowi [..]

A loan of money for the purchase of property, real or personal. Credit is either secured by an asset, such as a home, or unsecured.

Any transaction which brings money into the country (e.g. payments for the export of goods).

An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date. (top)

To enter an amount on the right side of an account. Normal entries to revenue accounts are credits. Liabilities normally have credit balances. To learn more, see our Explanation of Debits and Credits.

 report.

Definitions (3) 1. A journal entry recording a decrease in assets. With cash basis accounting, credits are recorded when income is received. With accrual basis accounting, credits are recorded and rec [..]

Credit (including credit transfer and credit for prior learning) granted towards a Course at the University for relevant approved study, experience or work satisfactorily completed at the University or elsewhere.

Credit granted towards particular or specific components of a qualification or program of learning

Credit granted towards elective components of a qualification or program of learning.

An amount printed on a vendor's monthly statement, or on a separate credit memo, usually following a minus sign, indicating that it has been deducted from the total amount owed, for items returne [..]

To dream of asking for credit, denotes that you will have cause to worry, although you may be inclined sometimes to think things look bright. To credit another, warns you to be careful of your affairs, as you are likely to trust those who will eventually work you harm.   

is a term used for many financial services that involve the borrowing of money. In its basic form credit refers to a legally binding agreement between a borrower and lender where the borrower receives [..]

1 : recognition see also full faith and credit 2 a : the balance in an account which may be drawn upon and repaid later compare loan b : the use of resources (as money) in the present obtained by ...

A dollar-for-dollar reduction of your taxes owed. Some credits are refundable.

The business agreement by which goods or services are provided in advance of receiving cash payment from the customer. Credit is most common in business-to-business relationships; consumers wanting credit are typically required to use credit cards, in which a third party actually provides the credit, removing risk from the seller.

Entry on the right side of a DOUBLE-ENTRY BOOKKEEPING system that represents the reduction of an ASSETor expense or the addition to a LIABILITY or RVENUE.

To add money to a bank account. For example, I had £500 credited to my bank account.

Definition - A unit of academic achievement. Read more.

individual or group policies that provide benefits to a debtor for full or partial repayment of debt associated with a specific loan or other credit transaction upon disability or involuntary unemploy [..]

a loan that enables people to buy something now and to pay for it in the future.

1. An increase in a savings or checking account, such as a deposit made to the account. 2. A person or company’s ability to borrow money, with the expectation the money will be paid back in the future [..]

A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future.

Acknowledgment of work done. Credits may come at the beginning of a program (opening

The opportunity to borrow money or to receive goods or services in return for a promise to pay later.

A credit is the slot machines equivalent to coins. When you insert coins or bills into the machine you are awarded one credit for each coin. You are also awarded credits for winning spins. Each credit [..]

Slot machine “Credits” is what coins are transformed into after a player inserts money into the machine. These credits are then used to place a bet and play. The slot machines will also pay out in the [..]

On your bank statement, 'credit' represents funds that you have deposited into your account. The opposite of a credit is a jump to

The value of a course toward the credit requirements of a degree. First year students usually enrol in 5 credits which, for example, might consist of 4 half (0.5) credit courses and 3 full (1) credit [..]

byline of photographer or illustrator

The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.

A credit is essentially the right to defer a payment, by obtaining goods or services now, and taking out a loan to pay for them in the future.

Promise to pay back the value of something purchased without initial full payment. A contract or credit agreement is utilized to describe the terms including time to pay, monthly payment date, interest rates and possible fees.

An arrangement in which one party supplies monetary or other resources to a second party who then repays the supplier over time.

An agreement in which a borrower gets money now and agrees to repay the lender in the future.

Buying something on credit is taking a loan from a bank or credit card company to buy something now and paying them back later. You will be charged interest on the amount borrowed.

A term used to refer to your credit history, which may indicate whether you have the ability to repay an auto loan or not. Credit Bureau

In relation to a loan or credit card this is the amount available to spend, based on an ability to pay

A lending term used when a customer purchases a good or service with an agreement to pay at a later date (e.g. an account with a supplier, a store credit card or a bank credit card).

The promise to pay in the future in order to buy or borrow in the present.

contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date

The granting of resources (money, or goods and services) by one person (the creditor or lender) to another (the debtor or borrower) in return for a promise to pay for those resources at a later date.

When a bank or business allows its customers to purchase goods or services on the promise of future payment. Also used to describe any item that increases the balance in a bank account. Deposits and i [..]

Money that a lender may extend to a borrower. The borrower generally promises future payment with interest.

The privilege of borrowing something now, with the agreement to pay for it later

The granting of money or something else of value in exchange for a promise of future repayment.

When a borrower receives something of value in exchange for a promise to repay the lender at a later time in the form of an agreement or contract.

default swap (CDS) protects lenders in the event of default on the part of the borrower by transferring the associated risk in return for periodic income payments.

is an agreement whereby a financial institution agrees to lend a borrower a maximum amount of money over a given time period. Interest is typically charged on the outstanding balance.

State and federal laws govern charges for interest, finance charges, cash advances, charges for extensions of credit in excess of pre-established limits, late fees or delinquency charges, premiums on [..]

A value that is assigned to a class and/or degree that is often related to how often the course meets, how much content is covered, and the number of student outcomes.

An accounting entry that increases liabilities and revenues and decreases assets and expenses. It appears as a negative number on a journal voucher or other entry in PeopleSoft financials.

Promise of future payment in kind or of money given in exchange of present money, goods, or services.

Buying goods by borrowing money and paying back at a later date including interest

Credit is when a company agrees to provide you with a product or service before you pay for it in full. In exchange for providing it before full payment's received you generally have to pay a fix [..]

the purchase of goods or services in the present with a promise to pay in the future, with money you still plan to earn

The credit value of a course, where given, is shown in parentheses following the course number. In general, one credit represents one hour of instruction or two to three hours of lab work per week in [..]

   A unit of value assigned to a course for the purpose of counting its value towards a credential such as a certificate, diploma or degree. The number of credits received by students for a course var [..]

The value given to a course. May be related to the number of hours of instruction. The majority of academic courses are worth three credits. Many degrees require 120 credits. (See also Unit.)

a value assigned by an institution to a course, to represent the quantity of work accomplished during a particular period of study.

The value placed on a course. Most courses are worth three or four credits, which means that you will spend three to seven hours in class per week for one semester. Other terms which mean generally the same thing are “semester hours”, “hours of credit”, “semester hours of credit”, and “credit hours”.

The granting of credit is an evaluation process that assesses the individual’s prior formal, non-formal, and informal learning to determine the extent to which the individual has achieved the required [..]

A unit of academic award applicable toward a degree, measured in term hours.

(n) approval(n) money available for a client to borrow(n) an accounting entry acknowledging income or capital items(n) used in the phrase `to your credit' in order to indicate an achievement dese [..]

A unit of academic value earned within a particular program. A credit value of 3.0 normally is assigned to a one-term course. A two-term course, therefore, would have a credit value of 6.0; a half-cou [..]

The quantitative measurement assigned to a course. At the University of Alberta a credit is equivalent to one unit of course weight.

A general term for money loaned.

See advanced standing.

The value assigned to a course. Normally, AU courses are either three-credit (one semester) or six-credit (two semesters) which corresponds to conventional universities. Some courses in the Bachelor of Nursing degree carry a practicum component with a weight of four and nine credits.

If you've already completed some higher education or relevant work experience, you may be able to credit it towards your course. This means that you won't need to complete as many units, so [..]

Credit refers to how institutions measure a student's progress toward a diploma or degree. The number of credits assigned to a course depends in part on how much time is spent in class each week. [..]

A semester hour of credit usually equals an hour per week that a class meets per full term. Synonyms: Credit hours Semester credit hours

How progress toward a degree is measured. The University requires a minimum of 120 credit hours to graduate. A course is usually worth 3 semester hours of credit. If a student is enrolled in 12 credit [..]

A unit of measurement to record the amount of academic work that has been successfully completed by a student.

Credit is an assessment of the likelihood that a consumer will repay a debt. For example, a borrower is said to have “good credit” if he or she will repay the debt and bad credit if he or she may have [..]

The following applies to MU courses, regardless of mode of delivery.  One credit represents approximately three hours of a student’s time each week for one semester. This may mean one hour in lecture [..]

The value assigned to a course. For example, many NIC courses are valued at 3 credits.

A unit of value assigned to a course for the purpose of counting its value towards a credential such as a certificate, diploma or degree

 University courses are measured in credits. At Redeemer, a full course is equal to 3.0 credits, a half course is 1.5 credits, and a quarter course is 0.75 credits. For most degree programs, you will [..]

Recognition of attendance or performance in an instructional activity (course or program) that can be applied by the individual toward the requirements for a certificate, diploma, degree, advanced certificate or other formal award.

The value assigned for the recognition of equivalence in content and learning outcomes between different types of learning and/ or qualifications.

The academic value assigned to a course based on the type and level of the subject material, as well as the expected number of hours spent on class preparation. One credit represents approximately three hours per week of learning outcome related work for the average student over the course of a full academic quarter; thus one quarter credit represe [..]

recognition of prior studies that count towards the requirements for the current degree (either at another institution or in another course at this University. The credit granted may be 'specifie [..]

See unit.

A loan of money for the purchase of property, real or personal. Credit is either secured by an asset, such as a home, or unsecured.

Entry recording an increase to a liability or owner's equity or revenue, or a reduction to an asset or expense. Credits are recorded in the right hand column of an account or a two-column book. O [..]

Legal obligation to make repayment at a later date for goods, services or money obtained through the extension of credit, or a promise to pay in the future. The cost of credit is usually referred to a [..]

A reimbursement or other sum of money posted to your account.

The supplier agrees to allow the customer to make payment some time after the delivery of the goods or services. Typical trader credit periods range from 30 to 60 days but each agreement is different.

an accounting entry on the right or bottom of a balance sheet. Usually an increase in liabilities or capital, or a reduction in assets. The opposite of credit is debit. Each credit in a balance sheet [..]

The supplier agrees to allow the customer to make payment sometime after delivery.

This is what a supplier agrees to allow a customer to make payment some time after delivery.

Papers or points passed at Otago, or for which a student has been granted ad eundem credit (including transfer and RPL credit - see entry for 'Ad eundem credit' above), that may be counted t [..]

A measure of workload, where 1 credit equates to 10 notional learning hours. The total annual workload for a full-time undergraduate student is normally 120 credits, and that for a full-time Masters student is normally 180 credits. 

 a commonly accepted quantification of student academic learning. One semester unit represents the time a student is expected to devote to learning in one week of full-time undergraduate study (typica [..]

The unit of measure awarded for the successful completion of coursework.

The ‘currency’ used to measure student workload in terms of the time required to achieve specified learning outcomes. It enables staff and students to assess the volume and level of learning, based on the achievement of learning outcomes and the associated workload measured in time. Credit can be awarded to a learner in recognition of the verified [..]

v. (funds to an account) abonar, acreditar, imputar; (financial or academic) crédito

(Also called: status or advanced standing) The acknowledgement that a person has satisfied the requirements of a module (subject) or unit of competency, either through previous study (credit transfer) or through work or life experience (recognition of prior learning). The granting of credit exempts the student from that part of the course.

The value assigned for the recognition of equivalence in content and learning outcomes between different types of learning and/or qualifications. Credit reduces the amount of learning required to achi [..]

The number of credits a course is worth generally corresponds to the amount of time the class meets each week. For example, a 3-credit lecture class will meet for approximately 2½ hours each week, either in three 50-minute sessions or two 75-minute sessions per week.

A unit of work in a subject matter, generally equivalent to one hour of class a week throughout a 16-week term. Thus, a 3-credit class meets for three hours a week.

See unit. The numerical value received for completing a course.

Unit that gives weight to the value, level or time requirements of an academic course taken at CSU

Credits are hours completed toward graduation.  Course credits vary from 1-5.  No credit is given for a failed course.

A unit of measure assigned to courses or course equivalent learning.

The unit of measurement of academic work successfully completed. There are several different credit systems. Under one system, a course might be worth 1 credit, while in another system the same course would be worth 3 "credit hours" or "hou rs " indicating the amount of time spent each week in class. Sometimes courses that are m [..]

certification that a student has passed a specific course. Students can obtain one or more credits for a course and are required to obtain a certain number and type of credits to qualify for a degree. [..]

An amount of money someone is willing to loan another person based on the trust that the money will be repaid with interest.

The value assigned to a course. For example, many courses are valued at 3 credits. Most credentials specify the number of credits required

The term 'credit' is used in two ways at the University:

The right granted by a creditor to pay in the future in order to buy or borrow in the present; also, a sum of money owed to a person or business.

A loan granted by a financial institution to a consumer.

Allowance made by a plant operator to an advertiser for a loss of service. This takes the form of extended service, extra service, or cash refund.

Money loaned to an individual or organization. Credit can come in many forms including loans, mortgages, and credit cards.

is a form of loan that allows you to obtain goods or services before you actually pay for them, but this deferred debt must be repaid within an agreed timeframe and includes an interest payment. Typical forms of credit include credit cards, personal loans, overdrafts and home loans.

The word 'credit' is derived from the latin word 'Credo', its meaning being 'I believe'. Credit is the power to obtain finance, materials on trust by promising to pay for [..]

Increases in an account (such as a deposit made to the account).

The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.

The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.

A financial term that refers to an increase in a deposit account balance (such as a deposit made to the account). See also Glossary term, "debit."

The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.

Credit is the ability (often legally captured in a contract) that allows a person or business to obtain a good or service now with a promise to pay for that good or service at a later date.

The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt. CREDIT DERIVATIVES

While the volume and complexity of credit transactions has grown immensely over the centuries, the act of credit extension and debt creation, or lending ...

report

The quantitative measure or weight assigned to the “amount of learning” a student receives through a combination of lectures, tutorials, labs etc.

Your purchase of the present use of money with the promise to pay it back in an agreed-upon time period, and at a cost usually defined by an interest rate.

Amount of money loaned, normally by a bank to its customer. Shops sometimes offer their customers credit.

1. Reputation for solvency and integrity entitling a person to be trusted in buying or borrowing. 2. Amount a financial institution is willing to loan a person.

The promise to pay in the future in order to buy or borrow in the present.

The right or ability to buy something now and pay for it later. You make a promise to pay back the money you borrowed plus some extra, called interest. The extra amount is part of the cost of borrowing money.

The term refers to the use of someone else's funds in exchange for a promise to pay (usually with interest) at a later date e.g. short term l [..]

In business, buying or borrowing on the promise to repay at a later date. In any credit arrangement there is a creditor (a person, bank, store, or company to whom money is owed) and a debtor (the pers [..]

The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.

In Letter of Shipping terms, this word is used interchangeably with Letter of Credit.

1. The extension of time between receipt of goods or services rendered, and payment. 2. Access to money; e.g., a line of credit.

An advance of cash or merchandise in exchange for a promise to pay a definite sum in the future. Long-term credit generally involves bonds or mortgages. Short-term credit granted to an individual for personal use is called consumer credit.

Value assigned to a specific course. Students are required to take a certain number of credits in order to complete degree requirements.

Credit is any arrangement where you buy goods or services now but you agree to pay later. Credit comes in many different shapes and sizes including mortgages, loans, overdrafts and credit cards. In most cases you’ll have to pay an agreed amount back every month with interest. Whatever credit you choose, it’s important to keep up with your monthly r [..]

Under the VAT system a taxpayer is entitled to reclaim VAT borne by him/her in the course or furtherance of business, subject to certain limitations. A VAT credit is when this input VAT is reclaimed or set off against VAT due on supplies.

The extension of funds issued by a bank that allows a consumer to purchase goods or services from a merchant. The consumer then pays back the bank either in full or in installments, at an interest rat [..]

An agreement where a borrower receives something of value in exchange for a promise to repay the lender at a later date. The provision of resources by one party to another party where the second party [..]

accounting term that indicates decrease in account receivable.

A refund or price adjustment given for a previous purchase.

See the entry for "Refund"

 issued to project owners who prove they have reduced emissions from their baseline level in an industry or country that sits outside of a cap and tradesystem.

The borrowing capacity of an individual or company. A transaction in which a borrower (or debtor) receives goods, services, or cash and agrees to repay the lender at a future date, usually with certain costs. Related Topics How to Speak Credit Credit Scores Consumer Debt Avoiding Fraud & Schemes

The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.

CRÉDIT Value assigned to an academic activity. Regular courses at the University of Ottawa are usually worth three credits and run for one session. Some courses are worth six or even nine credits, but these usually involve a practicum or internship.

The unit of measurement some institutions give for fulfilling course requirements.

money loaned, usually for a fee that must be paid back

1. A unit that measures the value of a course / module by level, difficulty, or number of hours you have the class. E.g. a difficult class has more credits. 2. Money that is paid into your bank accoun [..]

Recognition of an individual’s prior formal, non-formal, and informal learning towards a student’s program. Refer to the Credit Policy.

A transaction that reduces the amount you owe on you student account. Examples include payments, scholarships, loans, and the reduction of charges from decreasing class hours. If the amounts exceed the balance due on the student account, this results in a credit balance which the University owes you.

A student is regarded as having passed certain courses or units of study because of prior learning.

 A numerical value assigned to a standard on the National Qualifications Framework or a qualification on the Register that represents the estimated time needed for a typical learner to demonstrate that all specified outcomes have been met. 

A unit representing one credit hour (1 credit = 1 credit hour) of successfully completed work. It is applied toward the total number of credits needed for completing the requirements of a degree or certificate.

 Also known as a reversal. It is the voiding of an authorized transaction (sale) that has not been settled. If a Card Issuer supports a credit or reversal, it immediately undoes the authorization and [..]

Money received in an account either from a deposit or from a transaction that results in increasing the account's cash balance.

(transitive) To believe; to put credence in. ''Someone said there were over 100,000 people there, but I can't credit that.'' * Shakespeare *: How shall they credit / A poor unlearned virgin? ( [..]

The maximum credit allowed to a borrower

An agreement in which a borrower receives money or something of value in exchange for a promise to repay the lender on specified terms at a later time.

Entries in the credit column of a ledger account represent increases in liabilities, increases in ownership interest, revenue, or decreases in assets. credit (terms of business)

Money loaned.

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immedia [..]

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immedia [..]

In general, the term credit in the artistic or intellectual sense refers to an acknowledgement of those who contributed to a work, whether through ideas or in a more direct sense.

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immedia [..]

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immedia [..]

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immedia [..]

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immedia [..]

The strangely named Credit (Repossession) Act [1997] regulates repossessions in New Zealand. This Act replaced the limited repossession sections in the Hire Purchase Act [1971] (now repealed). The Ac [..]