(finance) The risk of loss due to a debtor's non-payment or delayed payment of a financial obligation, such as an account payable, a loan or other line of credit.

plural of line of credit

plural of letter of credit

(finance, banking) A document, used primarily in trade finance and issued generally by a financial institution, in which the institution promises to pay debts up to a certain limit to be acquired by the beneficiary against delivery of documents specified in the letter.

(finance, banking) A credit facility under which a bank or other lender agrees to provide a client with loans of money up to an approved limit during a predefined period. The client may borrow the entire credit amount all at once or in portions during the specified period.

plural of credit card

Alternative spelling of creditworthy

(economics, finance) A period of economic crisis in which credit and investment capital are difficult to obtain.

A bill issued by a state, on the mere faith and credit of the state, and designed to circulate as money.

(finance) An estimate, based on a company, government or person's history of borrowing and repayment or available financial resources, that is used by creditors to determine the maximum amount of credit that can be extended without undue risk.