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CREDIT (Lat. credere, to believe)

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Originally appearing in Volume V07, Page 390 of the 1911 Encyclopedia Britannica.
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See also:

CREDIT (See also:Lat. credere, to believe)  , in a See also:general sense, belief or See also:trust . The word is used also to See also:express the repute which a See also:person has, or the estimation in which he is held . In a commercial sense See also:credit is the promise to pay at a future See also:time for valuable See also:consideration in the See also:present: hence, a reputation of solvency and ability to make such payments is also termed credit . In See also:book-keeping credit is the See also:side of the See also:account on which payments are entered; hence, sometimes, the payments themselves . The See also:part which credit plays in the See also:production and See also:exchange of See also:wealth is discussed in all economic See also:text-books, but See also:special reference may be made to K . Knies, Geld and Kredit (1873-1879), and H . D . See also:Macleod, Theory of Credit (1889-1891) . See also See also:Hartley Withers, The Meaning of See also:Money (1909) .

End of Article: CREDIT (Lat. credere, to believe)
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