CREDIT RECORD Definition

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CREDIT RECORD (CR) is an entry in a double-entry bookkeeping system recording an increase in a liability; an owners equity item or revenue; or a decrease in an asset or an expense. Credit entries are conventionally made on the right-hand side of T accounts.

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GUARANTEE DEPOSIT see SELLER GUARANTEE DEPOSIT.

UNDERWRITING is to protect by insurance or to guarantee the financial support of the subject item.

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