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Credit is the transfer of resources from one party to another with the promise to pay in the future in order to buy or borrow in the present. Credit is essentially any form of deferred payment, including deferred payment of debts. The parties involved in a credit transaction are the creditor, the party making the loan, and the debtor, the party receiving the resources with a promise to repay at a later time. 

Previous Credit Card Term: Cosigner

Next Credit Card Term: Credit Bureau

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.