wiktionary credit credited crediting Credit may refer to Debits and credits , a type of book keeping entry Credit creative arts , acknowledging the ideas or other work of writers and contributors Course credit , a system of measuring academic coursework Credit finance , the granting of a loan and the creation of debt. It is any form of deferred payment. Credit rating , assessment of credit worthiness Credit score , a representation of credit worthiness Zombie credit , a credit given to a later highly leveraged company left to operate in default by lenders Credit casino , a marketing tool that, when used appropriately, can result in significant casino revenues Credit science fiction , a form of currency in some fictional works Game credits, a count of the current number of games that can be played in pinball and arcade game s See also lookfrom intitle Credibility or cred , for short , refers to the objective and subjective components of the believability of a source or message disambiguation cs Kredit de Credit gl Cr dito id Kredit ja pl Kredyt pt Cr dito desambigua o ru sk Kredit uk ... more details
Port Credit may refer to Port Credit, Ontario , a community in the city of Mississauga, Ontario, Canada Port Credit GO Station , a station in the GO Transit network located in the community Port Credit Secondary School , in the Canadian community disambig ... more details
Forks of the Credit may refer to Forks of the Credit Provincial Park , a park in Ontario, Canada Forks of the Credit, Ontario , a community within Caledon, Ontario disambig ... more details
unref date January 2012 A credit reference is information, the name of an individual, or the name of an organization that can provide details about an individual s past track record with Credit finance credit . Credit rating agencies provide credit references for Credit risk Faced by lenders to business companies while credit bureau s provide credit references for Consumer credit risk individuals . Other letters of credit reference might be written by bank s which would provide basic information about how long the applicant has held an Deposit account account , what type of account it was, and whether or not there were any overdraft s or late payments noted. How credit references are used Credit references are used to help lenders quantify the Credit risk risk of lending to a given applicant, or to determine overall creditworthiness . For example, if an applicant s credit history indicates proper, timely payments on all outstanding obligations , a lender may judge it more likely that the applicant will make timely payments on the requested loan . See also Credit finance CreditCredit risk Consumer credit risk Default finance Reference Credit score Category Personal finance Category Financial risk finance stub fi Luottokelpoisuus ... more details
Unreferenced date December 2009 Installment credit is a type of credit finance credit that has a fixed number of payments, in contrast to revolving credit . Examples Land loan Home construction loan Home Mortgage loan mortgage Some equity loan s Home improvement loan Automobile loan Boat loans or RV loans specialty finance Student loan Personal loan Vacation loan See also Revolving credit Loan DEFAULTSORT Installment Credit Category Personal finance ja ... more details
Credit transfer can refer to The transfer of money from one account to another, also called a wire transfer The procedure of granting credit to a student for studies completed at another school, also called transfer credit or advanced standing . disambig ... more details
Multiple issues wikify January 2012 orphan January 2012 unreferenced December 2011 Credit Fracking is a term used by banker s and creditor s when breaking up the credit history of a company to Piggyback onto another company to raise the credit score or credit line of the new company. The best way to describe Credit Fracking is if 1 or 2 investor s buy a company and then break it up into smaller pieces and sell it off to 100 s or thousands of individuals for a profit. The same thing applies to credit history. Most companies have large credit lines and have made thousands of payments on time and even after that business is no longer in operation, it s credit history remains intact and can be sold off to investors to do with as they please. Investors buy the credit history and sell off pieces of it to other companies and private individuals to Piggyback and raise their credit score or loan availability. Credit Fracking is frowned upon in the banking community but it is not illegal. References Reflist Category Credit ... more details
refimprove date October 2011 A credit manager is a person employed by an organization to manage the credit department and make decisions concerning credit limits, acceptable levels of risk and terms of payment to their customers. In companies, the role of Credit manager is variable in its scope. Credit managers are responsible for Controlling bad debt exposure and expenses, through the direct management of credit terms on the company s ledgers. Maintaining strong cash flows through efficient collections. The efficiency of which is measured using Days Sales Outstanding DSO . Ensuring an adequate Bad debt Allowance for Doubtful Accounts is kept by the company. Monitoring the Accounts Receivable portfolio for trends and warning signs. Enforcing the Stop List . Setting and ensuring compliance with a corporate credit policy. Obtaining security interests where necessary, such as a Debenture or a Cross Company guarantee , against credit extended. Initiating legal or other recovery actions against non payers. Credit managers tend to fall into one of two groups due to the differing specialty legal and jurisdictional knowledge required. Commercial Credit Managers Consumer Credit Managers large companies which sell to both markets will require a Credit manager familiar with both aspects of Credit management. Australia Credit managers in Australia obtain memberships from the Australian Institute of Credit Management AICM . Qualifications and continuing education can also be obtained from here. Canada Credit professionals in Canada can obtain the official designation, Certified Credit Professional CCP formerly known as the Fellow Credit Institute FCI , from the Credit Institute of Canada . United Kingdom Credit managers operating within the United Kingdom can obtain accreditation from the Institute of Credit Management . See also Accountant Bookkeeper Billing References Reflist Category Credit management fr Credit Manager ... more details
orphan date October 2009 Sovereign credit is the Credit finance credit of a sovereign country backed by the financial resources of that state. Sovereign credit is the opposite of sovereign debt . Fiat money is sovereign credit and sovereign bonds are sovereign debts. When money buys bonds, sovereign credit cancels sovereign debt. See also Sovereignty Debt Government debt External links http www.henryckliu.com page3.html Liberating Sovereign Credit for Domestic Development http appliedphilosophy.wordpress.com 2008 05 13 state usury Sovereign Credit is State Usury Category Public finance Category Monetary reform econ policy stub ... more details
Credit Foncier is the name of Cr dit Foncier de France , a mortgage bank in France. Credit Foncier of America , a defunct real estate company in the U.S. disambig ... more details
Multiple issues unreferenced June 2008 expert y especially a history section Finance sidebar A line of credit is any credit finance credit source extended to a government, business or Personal finance individual by a bank or other financial institution . A line of credit may take several forms, such as overdraft protection, demand loan , special purpose, export packing credit, term loan, discounting, purchase of commercial bills, traditional revolving credit revolving credit card account, etc. It is effectively ..., often an annualized percentage fee on the money not withdrawn. Lines of credit can be secured by collateral finance collateral or unsecured. Lines of credit are often extended by banks, financial ... lines of credit may not have creditworthiness requirements to address liquidity problems such a line of credit is often called a personal line of credit . The term is also used to mean the credit limit of a customer, that is, the maximum amount of credit a customer is allowed. Cash credit A cash credit is a short term cash loan to a company. A bank provides this type of funding, but only after .... Cash Credit in India In India, banks offer Cash Credit accounts to businesses to finance their Working ... or buildings, which would be called Fixed Assets . The cash credit account is similar to current ... ordinary current accounts, which are supposed to be overdrawn only occasionally, the cash credit account ... Credit Limit that is sanctioned by the bank. This sanction is based on an assessment of the maximum ... amount from its own funds. Generally, Cash Credit account is secured by a charge on the Current .... http www.indiainbusiness.nic.in investment funding option.htm Special purpose line of credit A relatively recent credit product has arisen due to economic trends and the impact the economy has ... entities licensed and unlicensed that are generally filling a niche credit service abandoned by the traditional providers. These are credit services that, based on one or more pre defined criteria, may ... more details
An acceptance credit is a type of letter of credit that is paid by a time cheque draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. There are two types of acceptance credit, confirmed and unconfirmed. Unconfirmed acceptance credit means that the seller takes the risk that payment will not be made, due to any number of contingencies such as shipment nondelivery, confiscation by customs authorities, or any other problems. Confirmed acceptance credit means that the bank upon which the credit has been issued, essentially guarantees payment as long as the terms of the letter of credit have been complied with. Confirmed acceptance credit is more expensive to establish than unconfirmed acceptance credit because the issuing bank is effectively guaranteeing payment. It also transfers the risk of non delivery to the recipient, because once the seller Free on board places the product in the hands of the shipping company , the seller has complied and will be paid if the shipment does not arrive, is delayed, or other problems occur, the buyer cannot stop payment or otherwise prevent redemption of the acceptance credit. References http www.wachovia.com helpcenter page 0,,2356 2366 5E2 5Elist 5EA 789,00.html Wachovia bank list of terms This link is dead. Perhaps Wachovia is, too... DEFAULTSORT Acceptance Credit Category Credit Category Article Feedback 5 de Rembourskredit ... more details
Credit insurance may refer to trade credit insurance , purchased by businesses to insure payment of credit extended by the business payment protection insurance , purchased by consumers to insure payment of credit extended to the consumer credit derivative , financial instrument or technique designed to separate and then transfer the credit risk of an underlying loan disambig Category Types of insurance Category Credit de Kreditversicherung fr Assurance cr dit ko lt Kredit draudimas nl Kredietverzekering ja ru ... more details
credit scores revenue N A num employees N A homepage http www.CreditKarma.com CreditKarma.com Credit Karma , a San Francisco based website, is a company that provides free credit scores to consumers. Credit Karma provides the TransRisk credit score generated from national credit bureau TransUnion , ref name The Sun s Financial Diary cite news url http www.thesunsfinancialdiary.com credit report credit karma free credit score monitoring service title Credit Karma Free Credit Score Service Can ... Score. ref name Marketwire cite news url http www.marketwire.com press release Credit Karma Launches Two New Free Scores for Consumers 1376491.htm title Credit Karma Launches Two New Free Scores for Consumers date 2011 01 06 work Marketwire accessdate 2011 03 04 ref In addition to providing free credit scores, Credit Karma also offers credit tools like the Credit Report Card, which summarizes a consumer s credit report into components graded with an A F letter grade, and the Credit Score Simulator, which simulates the effect of certain financial actions on credit scores. Using Credit Karma, consumers can update their credit scores daily for free and monitor their Credit finance credit over time with additional credit resources. Founder and investors Kenneth Lin, who previously worked with E Loan and Upromise , launched Credit Karma in March 2008. ref name About.com cite news url http credit.about.com od creditreportscoring fr creditkarma.htm title CreditKarma.com Offers Free Credit Score ... title Credit Karma Introduces Free Credit Card, Debt Tracking Tool last Levinson first Rick date ... investments in Credit Karma. ref name TechCrunch cite news url http techcrunch.com 2009 11 04 credit karma raises 2 5 million to take the mystery out of credit scores title Credit Karma Raises 2.5 Million To Take The Mystery Out Of Credit Scores last Kincaid first Jason date 2009 11 04 work ... 12 deadurl no ref Credit Karma s credit scores Credit Karma provides users with a proprietary credit ... more details
A credit freeze , also known as a credit report freeze , a credit report lock down , a credit lock down , a credit lock or a security freeze , allows an individual to control how a U.S. consumer reporting agency also known as credit bureau Equifax , Experian , TransUnion is able to sell his or her data. The credit freeze locks the data at the consumer reporting agency until an individual gives permission for the release of the data. Today, credit freezes are made possible by state laws as well as industry ... . The first state to pass a credit freeze law was California, with a bill sponsored by Debra Bowen in 2003 ... ref In late 2007, all three of the major credit bureaus following TransUnion s lead announced that they would let consumers freeze their credit reports, regardless of the state of residency. ref http ... of the freeze are more favorable than they are under the industry sponsored alternative. Credit ... credit in another individual s name. In the credit origination process, access to a credit report is critical for a lender to make a risk assessment. Because a credit freeze effectively stops any access to the credit report, it places a block in the process of issuing credit. Individuals who freeze their credit reports must therefore unfreeze their reports before they wish to apply for credit themselves. Lenders typically require access to the borrower s credit report before issuing a loan in the borrower s name. If lenders cannot see the borrower s credit report, it is unlikely the lender will issue a loan in the borrower s name. Hence, credit freezing should reduce the risk that loans or credit cards will be issued fraudulently. Credit freezes do have some disadvantages, however, such as creating ... to one s credit report, it is necessary to contact each of the three major credit reporting agencies ... pricing, the cost of freezing a credit report is 10.00 and unfreezing is similarly 10.00. In some states, credit freezing fees are waived for victims of identity theft. In late 2007, the credit ... more details
financial market participants A credit union is a member owned financial institution financial cooperative ... Credit finance credit at competitive rates, and providing other financial services to its ... Credit Union Act 0.20 2007 dead link date October 2011 ref ref name autogenerated2007 http www.ncua.gov RegulationsOpinionsLaws fcu act fcu act.pdf 12 U.S.C. 1757, CUNA Model Credit Union Act 3.10 ...&level 4 doi id isbn 0 13 063085 3 ref Many credit unions also provide services intended to support community ... Federation of Community Development Credit Unions, What is a CDCU? publisher Cdcu.coop date accessdate ... be considered community development financial institution s. Worldwide, credit union systems ... financial institutions Credit unions differ from bank s and other financial institutions in that the members who have accounts in the credit union are the owners of the credit union ref http www.ncua.gov RegulationsOpinionsLaws fcu act fcu act.pdf 12 U.S.C. 1757 6 , CUNA Model Credit Union Act 0.70 ... man one vote one person one vote system regardless of the amount of money invested in the credit union. ref http www.ncua.gov RegulationsOpinionsLaws fcu act fcu act.pdf 12 U.S.C. 1760, CUNA Model Credit Union Act 4.90 2007 dead link date October 2011 ref Generally speaking, credit unions see themselves ..., not profit . ref http www.lanierfcu.org Lanier Federal Credit Union typical example of a small credit union , motto Where people are worth more than money. ref ref http www.cuna.org gov affairs legislative cu difference.html Credit Union National Association, The Credit Union Difference Credit ... those of modest means every member counts ... The same people first philosophy causes credit unions ... www.cuna.org press cudiff.html Credit unions are not for profit financial cooperatives. We exist to serve our members, not to make a profit. Unlike most other financial institutions, credit unions ... members... ref ref http mycccu.com about The Christian Credit Union In our effort to fulfill the vision ... more details
Refimprove date February 2011 A credit score is a numerical expression based on a statistical analysis of a person s credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information typically sourced from credit bureau s. Lenders, such as bank s and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt . Lenders use credit scores to determine who qualifies for a loan, at what interest rate , and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue. The use of credit or identity scoring prior to authorizing access or granting credit is an implementation of a trusted system . Credit scoring is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, landlords, and government departments employ the same techniques. Credit scoring also ... , credit scoring is widely accepted as the primary method of assessing credit worthiness. Credit scoring is not only used to determine whether credit should be approved to an applicant, but credit scoring is also used in the setting of credit limits on credit cards store cards, in behavioral modelling such as collections scoring, and also in the pre approval of additional credit to a company s existing ... provider of credit file data, only provides a negative credit reporting system which contains information on applications for credit and adverse listings indicating a default under a credit contract. This makes accurate credit scoring difficult for banks if they have no existing relationship with a prospective borrower. ref http www.homeloanexperts.com.au bad credit home loans credit rating Credit Scoring in Australia ref Austria In Austria credit scoring is done as a blacklist. Consumers which did not pay bills end up on the blacklists that are held by different credit bureau s. ref http ... more details
This article deals with the general concept of the term credit history. For detailed information about the same topic in the United States, see Credit score United States . Credit history or credit report ... information about late payments and bankruptcy . The term credit reputation can either be used synonymous to credit history or to credit score . In the U.S., when a customer fills out an application for credit from a bank , store or credit card company, their information is forwarded to a credit bureau . The credit bureau matches the name, address and other identifying information on the credit ... for creditors, lenders and others to provide accurate data to credit bureaus. ref http www.washingtontimes.com news 2009 jan 19 credit agencies are the messengers ref This information is used by lenders such as credit card companies to determine an individual s credit worthiness that is, determining .... In general, industry participants maintain that the data in credit reports is very accurate. ref http www.federalreserve.gov pubs bulletin 2004 summer04 credit.pdf Credit Report Accuracy and Access to Credit . Federal Reserve Bulletin. Summer 2004 ref ref http www.michigan.gov documents cis ofis ... s Use of Insurance Scoring . 23 Jul 2002. ref The credit bureaus point to their own study of 52 million credit reports to highlight that the data in reports is very accurate. The Consumer Data Industry ... 2007 06 070619credittestimony.pdf Prepared Statement of the Federal Trade Commission on Credit Reports ... Services . 19 Jun 2007. ref Nonetheless, there is widespread concern that information in credit ... and the perception of errors. If a consumer disputes some information in a credit report, the credit ... Trade Commission states that one large credit bureau notes 95 percent of those who dispute an item ... Report to Congress on the Fair Credit Reporting Act Dispute Process . Federal ... in determining whether a lender will provide a consumer credit or a loan is dependent on income. The higher ... more details
Unreferenced stub auto yes date December 2009 A credit event is the financial term used to describe either A general default event related to a legal entity s previously agreed financial obligation. In this case, a legal entity fails to meet its obligation on any significant financial transaction coupon on a bond it issued or interest rate payment on a swap for example . The marketplace will recognize this as an event related to the legal entity s credit worthiness. A financial event related to a legal entity which triggers specific protection provided by a credit derivative credit default swap , credit default swap index , credit default swap index tranche , etc. The events triggering a credit derivative are defined in a bilateral swap confirmation which is a transactional document that typically refers to an International Swaps and Derivatives Association ISDA master agreement previously executed between the two swap counterparties. There are several standard credit events which are typically referred to in credit derivative transactions Bankruptcy Failure to Pay Debt restructuring Restructuring Anticipatory repudiation Repudiation Moratorium law Moratorium Obligation Acceleration Obligation Default For most commonly traded Reference Entities in Credit Default Swaps a Determination Committee will decide on exactly if and when a Credit Event has occurred, and their decisions and announcements are posted on their website http www.isda.org credit For names which are not covered by the Determination Committee a Credit Event is determined by proof of Publicly Available Information from two independent sources, typically from a set of pre defined news agencies. DEFAULTSORT Credit Event Category Credit Econ stub ... more details
Finance sidebar A Credit finance credit note or credit memorandum memo is a commercial document issued by a seller to a buyer . The seller usually issues a Credit Memo for the same or lower amount than the invoice, and then repays the money to the buyer or sets it off against a balance due from other transactions. It can also be a document from a bank to a depositor to indicate the depositor s balance is being increased because of an event other than a deposit, such as the collection by the bank of the depositor s note receivable. Features A credit note lists the products, quantities and agreed prices for products or services the seller provided the buyer, but the buyer returned or did not receive. It may be issued in the case of damaged goods, errors or allowances. In respect of the previously issued invoice, a Credit Memo will reduce or eliminate the amount the buyer has to pay. Note A Credit Memo is not to be substituted as a formal document. The Credit Memo rarely contains PO , Date, Billing Address, Shipping Address, Terms of Payment, List of products with quantities and prices. Usually it references the original Invoice and sometimes states the reason for issue. This is received ... that seller on a future date i.e. a gift card or store card credit. Credit notes may be issued by a seller ... refund policy for returned items. In such circumstances, a credit note of value equal to the price .... If you have already sent an invoice to a buyer but now need to provide a credit for that invoice, you would send them a credit note or credit memo. You can think of a credit note as a negative invoice ... the goods. This transaction has to be reversed for accounting purposes. There are two types of credit note Credit note sent to consumers Credit note received from suppliers. A credit note sent to consumers is considered as a sales returned for accounting purposes. A credit note received from suppliers is considered as a purchases returned. See also Accounting Credit finance Category Credit Category ... more details
TOCright In finance , a credit derivative refers to any one of various instruments and techniques designed to separate and then transfer the credit risk of the underlying loan. ref name Econ1 The Economist ... derivative whereby the credit risk is transferred to an entity other than the lender. ref cite book last Das first Satyajit title Credit Derivatives CDOs and Structured Credit Products, 3rd Edition publisher Wiley year 2005 isbn 978 0 470 82159 6 ref ref name Secret Liens Where credit protection is bought and sold between bilateral counterparties, this is known as an unfunded credit derivative. If the credit ... under the credit derivative are funded using securitization techniques, such that a debt ... as a funded credit derivative. This synthetic securitization process has become increasingly popular ... debt obligation CDO s credit linked note s single tranche CDOs , to name a few. In funded credit derivatives, transactions are often rated by rating agencies, which allows investors to take different slices of credit risk according to their risk appetite. History and participants The market in credit derivatives started from nothing in 1993. By 1996 there was around 40 billion of outstanding transactions, half of which involved the debts of developing countries. ref name Econ1 Credit default products are the most commonly traded credit derivative product ref name BBACDR cite web url http www.bba.org.uk content 1 c4 76 71 Credit derivative report 2006 exec summary.pdf format PDF title British Banker Association Credit Derivatives Report ref and include unfunded products such as credit ... notional amount on outstanding credit derivatives was 35.1 trillion with a gross market value of 948 ... credit derivatives market is valued at 62 trillion . ref cite news url http business.timesonline.co.uk ... last3 Leroux ref Although the credit derivatives market is a global one, London has a market share ... Types Credit derivatives are fundamentally divided into two categories funded credit derivatives ... more details
Image 2005private sector credit.PNG thumb right 300px Domestic credit to private sector in 2005 Finance sidebar Credit is the Trust social sciences trust which allows one party to provide resources to another ... consist of Goods and services goods or services e.g. consumer credit . Credit encompasses any form ... 0 13 063085 3 ref Credit is extended by a creditor , also known as a lender , to a debtor , also known as a borrower . Credit does not necessarily require money . The credit concept can be applied ... 12 19 . However, in modern societies credit is usually denominated by a unit of account . Unlike money, credit itself cannot act as a unit of account. Movements of financial capital are normally dependent on either credit or Stock equity transfers. Credit is in turn dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds. Credit is also traded in financial market s. The purest form is the credit default swap market, which is essentially a traded market in credit insurance. A credit default swap represents the price at which two parties exchange this risk spaced ndash the protection seller takes the risk of default of the credit in return for a payment ... seller and receives from the seller the par amount that is, is made whole . Credit, in commerce and finance ..., a debtor hence credit and debt are simply terms describing the same operation viewed from opposite standpoints. Types of credit Bank credit Commerce Consumer credit Investment credit International Public credit Real estate Trade credit The word credit is used in commercial trade in the term trade credit to refer to the approval for delayed payments for purchased goods. Credit is sometimes ... credit to their customers as part of the terms of a purchase agreement. Organizations that offer credit to their customers frequently employ a credit manager . Consumer credit Consumer debt can be defined ... credit include credit card s, store cards, motor auto finance, personal loans Installment credit ... more details
Veronica Mars Credit Where Credit s Due IMDb episode 0739519 Tv.com episode 364550 http www.marsinvestigations.net episodes 102 credit where credits due Credit Where Credit s Due at Mars Investigations http www.televisionwithoutpity.com show veronica mars credit where credits due.php Credit Where Credit s Due at Television Without Pity Category Veronica Mars episodes Category 2004 television episodes nl Credit Where Credit s Due ... more details
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