What is another word for credit system?

Pronunciation: [kɹˈɛdɪt sˈɪstəm] (IPA)

A credit system is an arrangement in which purchases made by a customer are recorded and the customer can pay back the amount due over a period of time. There are several synonyms for a credit system, including credit score, credit rating, credit report, credit limit, and creditworthiness. A credit score is a numerical value that reflects a person's creditworthiness and the likelihood of repaying debt. A credit report is a detailed summary of a person's credit history, listing all credit accounts, payment history, and outstanding balances. A credit limit is the maximum amount a borrower can borrow, while creditworthiness refers to a borrower's ability to repay debt.

Synonyms for Credit system:

What are the hypernyms for Credit system?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    accounting system, financial system, payment system, transaction system, Creditworthiness system, Debt system, Lending system.

What are the hyponyms for Credit system?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.
  • hyponyms for credit system (as nouns)

Famous quotes with Credit system

  • The farmers in Kansas are sorely in need of a credit system meeting their special requirements, that they may more readily obtain money on short or long time for their farming operations, or that they may become owners of farms.
    Arthur Capper
  • Truth lives, in fact, for the most part on a credit system. Our thoughts and beliefs pass, so long as nothing challenges them, just as bank-notes pass so long as nobody refuses them.
    William James
  • Truth lives, in fact, for the most part on a credit system. Our thoughts and beliefs 'pass,' so long as nothing challenges them, just as bank-notes pass so long as nobody refuses them.
    William James
  • In its beginnings, the credit system sneaks in as a modest helper of accumulation and draws by invisible threads the money resources scattered all over the surface of society into the hands of individual or associated capitalists. But soon it becomes a new and formidable weapon in the competitive struggle, and finally it transforms itself into an immense social mechanism for the centralisation of capitals.
    Karl Marx
  • But simultaneously with the development of capitalist production the credit system also develops. The money-capital which the capitalist cannot as yet employ in his own business is employed by others, who pay him interest for its use.
    Karl Marx

Related words: credit system in india, credit score system, how does the credit system work, credit card system, credit card systems, credit system breakdown, credit system in america

Related questions:

  • What is the credit system?
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