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when consumers buy goods or services and pay for them in the future.
a plastic card with encoded information that allows the holder to make purchases and to pay the...
the process where commercial banks lend out the money that they receive as deposits and grant...
Credit life insurance guarantees the payment of an amount due on a loan should the insured...
transaction where the business delays payment to a future date and goes into debt to buy items...
transaction where the customer delays payment to a future date and goes into debt to buy items...
person or organisation that has lent the business money or extended credit for goods purchased...
account that summarises the creditors of the business.