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November 2, 2018November 2, 2018
Home / Glossary
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Credit

http://d3fzrw9hngh8qa.cloudfront.net/glossary/20181015-KWHSG-Credit.mp4

Credit is a contractual agreement in which a borrower receives money now and agrees to repay the lender at a specified date in the future, generally with interest. People use credit to make large purchases when they do not have the money today, but expect to have it in the future.

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