credit (as in debt, not cash) definition
Allowing a person or company to purchase goods or services without paying cash at the time of purchase.
Allowing a person or company to purchase goods or services without paying cash at the time of purchase.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.