Define and describe credit.
Question:
Define and describe credit.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Credit is an agreement in which a financial institution agrees to lend a borrower a sum of money ove...View the full answer
Answered By
Sanyam Arora
I am a financial analyst with one year of experience along with 5 year of part time work experience along with my studies with ICME - one of the most premier tutoring platform in Punjab.
I am a distinction holder in 10th 12th and graduation plus I am also the founder of Craked- the consulting club during my graduation which is one of its own kind since there is no consultant club in any college at graduation level .
I am also a sports enthusiast who believe in physical fitness is necessary along with mental fitness.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Define and describe a retail credit card.
-
Define and describe credit unions and caisses populaires.
-
Define and describe credit unions and caisses populaires.
-
Metlock Advertising Agency Inc. was founded in January 2000. Presented below are adjusted and unadjusted trial balances as at December 31, 2023 Cash Accounts receivable Supplies Prepaid insurance...
-
An element X reacts with F2 (g) to form the molecular product shown here (a) Write a balanced equation for this reaction (do not worry about the phases for X and the product). (b) Do you think that X...
-
Do academic institutions have different cultures? If yes, how do they differ from those of commercial enterprises?
-
The rise of portable electronic devices such as laptops and smart phones is made possible in part by the availability of lithium ion battery technology. Unfortunately, in some cases these batteries...
-
Data for Pat Metheny Company are presented in EB-3. Instructions Prepare a statement of cash flows using the direct method. (Do not prepare a reconciliation schedule.)
-
QUESTION 3 (20 MKS) a) Obtain the time-independent Schrodinger Wave equation from the time dependent equation. [10 mks] b) Solve the time-independent Schrodinger equation given that,(x) = Aekx [10...
-
A newly founded business performed in their first days of operations, the six transactions that you can find below. The business was founded on the 20th of July, by a young entrepreneur, Mr White,...
-
Bart, 19, received $1000 from his grandparents as a birthday present. He wants to use this money to purchase a new $1200 mountain bike. Since he does not have enough money, Bart has decided to invest...
-
What is the credit score range? What is a good score? If you have good credit, will you automatically be approved for a loan?
-
Find E(x) = . Then use the sampling distribution of found in Exercise 5.3 to find the expected value of . E() = . For Information: Refer to Exercise 5.3.
-
Medicaid was signed into law in 1965 and is primarily controlled by state legislatures. The federal government manages the program; however, different states have different eligibility requirements...
-
You are considering the purchase of an income producing property that has a net operating income of $250,000 per year. If you apply the market derived cap rate of 6.75%. What is the value of the...
-
Joan is a title examiner. After she performs a title search and title examination, she will prepare the: title commitment stating the requirements to close the transaction owner's title insurance...
-
Claire and lucy decide to organize their business pinkco as a c corporation. Claire distribures inventory (fmv $28,000, basis, $21,000), equipment (FMV $51,000, basis 0) and cash ($41,000). Pinkco....
-
What additional thoughts or insight did you gain during your reading from Educational Leadership: A Bridge to Improved Practice, Lincoln Speaks to Leaders, and Insights into Action texts? Please...
-
Larry Walsh is general manager of Stoneybrook salons. During 2014, Walsh worked for the company all year at a $10,600 monthly salary. He also earned a year-end bonus equal to 20% fo his annual...
-
Read Case Study Google: Dont Be Evil Unless and answer the following: Why do you think Google was adamant about not wanting to supply information requested by the government concerning the Child...
-
List and briefly describe the eleven credit card rules resulting from the CARD Act of 2009.
-
List and briefly describe the eleven credit card rules resulting from the CARD Act of 2009.
-
Explain the differences in a bank credit card, a premium or prestige credit card, an affinity credit card, and a secured credit card. What are credit card classes?
-
One of the two alternative long term debt or common stock will move Central Furniture Company to a more optimum capital structure. 1.what criteria are used to judge optimum capital structure?
-
Anna has a balance of $5,000 in her VISA account which grows at a nominal interest rate of 19.99% compounded daily. To pay off this balance, she makes monthly payments to VISA, with her first payment...
-
Joe works at a major pharmaceutical research and development company and has been tasked with writing his organization's data retention policy. As part of its legal requirements, the organization...
Study smarter with the SolutionInn App