CREDIT Definition

Bookmark and Share

CREDIT, in accounting, is an accounting entry system that either decreases assets or increases liabilities; in general, it is an arrangement for deferred payment for goods and services.

Learn new Accounting Terms

STABILIZED INCOME is the projected planned revenue that is subject to change but represents the best annualized estimate of consistent income.

STATUTE is an act passed by a legislative body, e.g. U.S. Congress.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.