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CREDIT

Statistics Directorate    
French Equivalent: Crédit

Definition:
Credit is an amount for which there is a specific obligation of repayment. Credits include loans, trade credits, bonds, bills, etc., and other agreements which 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.

Source Publication:
External Debt Statistics: Guide for Compilers and Users (Draft), IMF, Washington DC, March 2000, Appendix III, Glossary of Terms.

Cross References:
Credit derivatives
Credit guarantee
Credit institution
Credit insurance
Credit linked note
Credit risk
Creditor

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Thursday, April 18, 2013