Glossary:Credit

Credit is an amount for which there is a specific obligation of repayment. Credits include loans, trade credits, bonds, bills, etc., and other agreements that give rise to specific obligations to repay over a period of time usually, but not always, with interest. Credit is extended to finance consumption and investment expenditures, and financial transactions.

Further information

• Regulation (EC) No 1737/2005 (Text with EEA relevance)

Source

• Eurostat - RAMON
• Organisation for Economic Co-operation and Development (OECD)