What does credit system mean?
Definitions for credit system
cred·it sys·tem
This dictionary definitions page includes all the possible meanings, example usage and translations of the word credit system.
Princeton's WordNet
credit systemnoun
a system for allowing people to purchase things on credit
ChatGPT
credit system
A credit system is a method of conducting transactions, often financial, where goods or services are provided to a consumer who agrees to pay for them at a later date. This system involves creating a debt, which the borrower promises to repay under specific terms and conditions. It is a structured methodology used by banks, businesses, and other financial institutions to provide loans, mortgages, credit cards, and other forms of finance to individuals and businesses.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of credit system in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of credit system in Pythagorean Numerology is: 7
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"credit system." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/credit+system>.
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