Download presentation
Presentation is loading. Please wait.
Published byEgbert Barber Modified over 8 years ago
1
CREDIT By: Shekaib Rashidi
2
WHAT IS CREDIT? The ability to obtain goods or services before payment, based on the trust that payment will be made in the future. Commercial credit, investment credit, bank credit, consumer or personal credit, real estate credit, public or government credit, and international credit.
3
WHO USES CREDIT? Consumers Businesses Government Credit, in commerce and finance, is a term used to denote transactions involving the transfer of money or other property on promise of repayment, usually at a fixed future date.
4
ADVANTAGES OF CREDIT MONEY Fixed date of return Valuable in case of emergencies Reliable
5
DISADVANTAGES OF CREDIT Debt Very high rate of compounding interest
6
QUESTIONS TO ASK BEFORE USING CREDIT What is the fixed rate of interest? What kind of interest is applied? What are the potential penalties regarding the payment return?
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.