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What is credit? an arrangement in which you receive money, goods, or services now in exchange for the promise of payment later an arrangement in which you receive goods or services in exchange for other goods and services an arrangement in which you receive money now and pay it back later with fees
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Credit means: the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. "I'vbn2¿ 2. an entry recording a sum received, listed on the right-hand side or column of an account.
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