Insurance   A layperson's glossary of insurance terminology.

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what is...
CREDIT
The promise to pay in the future in order to buy or borrow in the present. The right to defer payment of debt.
ALSO SEE: IDENTITY THEFT INSURANCE, AUTO INSURANCE PREMIUM, CREDIT LIFE INSURANCE, CREDIT DERIVATIVES, INSURANCE COMPANY, INSURANCE SCORE, CREDIT SCORE, COLLATERAL, SCHEDULE

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