credit interest
1credit interest — interest which is added to a customer s account, earned interest …
2interest-free — ˌinterest ˈfree adjective if a loan is interest free, the borrower does not pay interest on it: • the World Bank s interest free loan facility for poor countries • interest free credit * * * Ⅰ. interest free UK US adjective FINANCE ► …
3interest-free — adjective not charging you any interest on the money you borrow or the CREDIT you are given: interest free loans/credit ╾ ,interest free adverb …
4Interest — For other uses, see Interest (disambiguation). Interest is a fee paid by a borrower of assets to the owner as a form of compensation for the use of the assets. It is most commonly the price paid for the use of borrowed money,[1] or money earned… …
5credit — [[t]kre̱dɪt[/t]] ♦♦ credits, crediting, credited 1) N UNCOUNT: oft on N If you are allowed credit, you are allowed to pay for goods or services several weeks or months after you have received them. The group can t get credit to buy farming… …
6credit — 1 / kredit/ noun 1 DELAYED PAYMENT (U) an arrangement with a shop, bank etc that makes it possible for you to buy something and pay for it later: on credit (=bought using this arrangement): stores that sell goods on credit | interest free credit… …
7Credit rationing — refers to the situation where lenders limit the supply of additional credit to borrowers who demand funds, even if the latter are willing to pay higher interest rates. It is an example of market imperfection, or market failure, as the price… …
8Credit counseling — (known in the United Kingdom as debt counseling) is a process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan and Budget. Credit… …
9credit union — n: a cooperative association that makes small loans to its members at low interest rates and offers other banking services (as savings and checking accounts) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. credit union …
10Credit card debt — is an example of unsecured consumer debt, accessed through credit cards. Debt results when a client of a credit card company purchases an item or service through the card system. Debt accumulates and increases via interest and penalties when the… …
