- published: 25 Jan 2013
- views: 3629
Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.
Credit does not necessarily require money. The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services. However, in modern societies, credit is usually denominated by a unit of account. Unlike money, credit itself cannot act as a unit of account.
Movements of financial capital are normally dependent on either credit or equity transfers. Credit is in turn dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds. Credit is also traded in financial markets. The purest form is the credit default swap market, which is essentially a traded market in credit insurance. A credit default swap represents the price at which two parties exchange this risk – the protection seller takes the risk of default of the credit in return for a payment, commonly denoted in basis points (one basis point is 1/100 of a percent) of the notional amount to be referenced, while the protection buyer pays this premium and in the case of default of the underlying (a loan, bond or other receivable), delivers this receivable to the protection seller and receives from the seller the par amount (that is, is made whole).
Credit may refer to:
A study of personal finance topics from the consumer and societal perspectives. Topics include the preparation and interpretation of personal financial statements and budgets, the time value of money, personal saving, financial market and investment fundamentals, the effective use of consumer credit, personal bankruptcy, insurance principles, automotive and housing decisions, principles of personal taxation, and retirement planning. This course will provide students with the concepts and critical thinking skills to understand the effects of financial decisions on individuals, families, and society. Learn more about Missouri State iCourses at http://outreach.missouristate.edu/icourses.htm
How to buy a car with a bad credit, new credit, or no history credit in financing?
Galia Gichon offers actionable tips on how you can quickly raise your credit score. http://cr8.lv/ggpfafyt In this clip from Personal Finance for Artists & Freelancers, Galia talks about reviewing your credit report, finding and dealing with errors, and raising your credit score. Get a complete guide to improving your financial health: http://cr8.lv/ggpfafyt CreativeLive unleashes your creative potential by connecting you directly with the world's most inspiring visionaries. Access courses on Photo & Video, Art & Design, Business & Life, Music & Audio, and Craft & Maker at http://www.creativelive.com
Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth—but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money—the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we...
Welcome to the fifth video in ANZ's Trade Finance Education Series - "Trade Finance in the Spotlight". In this series of videos we will be discussing a range of Trade Finance products and concepts. We will discuss the pros and cons of trade products, how they work and when they should be used. In this episode we will introduce Letters of Credit and review the main parties involved in a Letter of Credit transaction. Stay tuned for upcoming videos featuring more information on Trade Finance products and concepts. Also take a look at the Trade Finance Podcast Series for information on Incoterms 2010. DISCLAIMER: The information on the page and in the videos and podcasts is by way of guidance and education only and does not constitute advice or an offer to finance. Nor does it take i...
nhớ làm đủ các bước:đăng kí kênh,chia sẻ clip để nhận acc
The Short and Simple Story of the Credit Crisis -- The Full Version By Jonathan Jarvis. Crisisofcredit.com The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated. This is the original, full version.
Documentary letters of credit are internationally recognised instruments that help ensure the creditworthiness and payment of the overseas parties you're trading with. It's essential as an exporter that you're able to minimise the financial risk to your business.
We discuss issues such as credit sales vs cash sales, lending money to customers, credit terms such as 2/10 net30, What are good credit terms?, What are bad credit terms?, The Cost of Credit Sales, The Benefits of Credit Sales, Accounts Receivables A/R
Credit Risk Analytics is undoubtedly one of the most crucial activities in the field of financial risk management at the moment. With the recent financial downturn and the regulatory changes introduced by the Basel accords, credit risk analytics has been attracting greater attention from the banking and finance industries worldwide. Throughout the course of this webinar Bart Baesens will outline a multilevel architecture for credit risk analytics as follows: • Level 0: Data • Level 1: Model • Level 2: Ratings and Calibration Furthermore, Bart will discuss challenges across each of these levels such as data quality, model performance measurement and risk measure calibration.
Speaker(s): Lord Turner Chair: Robert Peston Recorded on 21 October 2015 at Sheikh Zayed Theatre, New Academic Building Too much private debt led to the disastrous crisis of 2008. In future public policy must constrain the quantity and influence the allocation of private credit creation. And we should ‘print money’ to escape the post crisis mess. That sounds dangerous – but relying on private credit to drive growth is more so. Adair Turner (@AdairTurnerUK) has combined careers in business, public policy and academia. He became Chairman of the United Kingdom Financial Services Authority as the financial crisis broke in September 2008, and played a leading role in the redesign of the global banking and shadow banking regulation as Chairman of the International Financial Stability Board'...
Introduction to Credit derivatives and Credit Default Swaps. Dr. Krassimir Petrov, AUBG Professor: Krassimir Petrov, Ph. D.
Provides a survey of all major credit derivative instruments - credit default swaps, credit default options, indemnity agreements, total return swaps, credit spread forwards, credit spread options, credit spread swaps, basket derivatives, first-to-default baskets and the correlation paradox. Dr. Krassimir Petrov Professor: Krassimir Petrov, Ph. D.
Arizona Car Sales is the Home of 100% Guaranteed Credit Approval! We offer "Buy Here Pay Here” financing regardless of credit, job or residence time!! Arizona Car Sales is Arizona's home of 100% Guaranteed Credit Approval! Need a car, truck or SUV? Come see us! Arizona Car Sales in Mesa has the largest inventory of any "buy here, pay here" dealership in the Phoenix Arizona area. And we're ready to help you get hassle-free financing for your purchase, thanks to our easy approval process. Arizona Car Sales is a locally owned, family operated business that specializes in expertly inspected vehicles ranging from $5988 to $30,000 — and we back every one of them with the best used car warranty in America! Arizona Car Sales finances Phoenix area used car buyers with our Buy Here Pay Here loa...