Credit
From The Art and Popular Culture Encyclopedia
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"Back then the job entailed converting the music from half-inch tape to vinyl. I started putting my name on the dead wax on the first record, because I wanted to keep track of what I was doing. A lot of times, record companies did not give you credit on the records. It was a way for me to know that I actually mastered that record. It was also a way to tell that the record wasn't a reproduction made by a bootlegger."--"Herbie Was Here" (1998) by Chuck Miller |
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Credit (from Latin credere translation. "to believe") 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 immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date.
See also
- Commercial credit reporting
- Credit bureau
- Credit history
- Credit risk
- Credit score
- Credit theory of money
- Default (finance)
- Financial literacy
- Mutual credit
- Payday loan
- Person-to-person lending
- Predatory lending
- Revolving credit
- Risk-return spectrum
- Settlement (finance)
- Social credit
- Subprime lending
