Any form of credit that does not have a fixed number of payments.

(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.