What is credit price?

credit price means the total sum, not being in excess of the sum of the cash price and charges accrued, payable by the buyer under a credit sale agreement in order to complete the purchase of goods to which the agreement relates;

What does credit mean?

Credit can mean either borrowing money or getting something of value, like a car, with the commitment to repay later and often with interest charged. It can also mean your ability to borrow or buy things on a credit contract. Your credit report and credit score are two ways your access to credit is defined.

What is a credit market?

Sometimes called the debt market, the credit market also includes debt offerings, such as notes and securitized obligations, including collateralized debt obligations (CDOs), mortgage-backed securities, and credit default swaps (CDS). The credit market is where investors and institutions can buy debt securities such as bonds.

How does credit work?

Generally speaking, credit works like this: A lender, such as a bank or credit card issuer, approves a person to borrow a certain amount of money. That money might be available in the form of a line of credit, like a credit card. Or it might be a lump sum, like a personal loan or auto loan.