Credit

A bookkeeping entry on the right side of an account, recordingThe recording in a registrar's office of an executed legal document. These include deeds, mortgages, the reduction or elimination of an assetThe entire property of a person, association, corporation, or estate applicable or subject to the payment of debts. or an expense, or the creation of or addition to a liabilityThis coverage will pay for BODILY INJURY and/or PROPERTY DAMAGE to the OTHER party for which you become or item of equityThe value of a property beyond any liens against it. Also referred to as owner's interest. or revenue.

Credit

A bookkeeping entry that increases the balanceThe amount in an account or the remaining amount due on a loan. in a memberAn enrollee, beneficiary, or insured. A member includes people who enroll or subscribe to a health insurance's account (deposits and dividends are examples of credit entries) (2) an arrangement to receive cashMoney or its equivalent (checks, banknotes, etc.)., goods or services now and pay for them in the future.

Credit

An agreementAn exchange of promises, a mutual understanding or arrangement; a contract. in which a borrowerPerson responsible for repaying a loan who has signed and agreed to the terms in the promissory note. receives something of value in exchangeThe amount an informed purchaser would offer in exchange for a property under given market conditions. for a promise to repay the lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be at a later date.

Credit

An agreementAn exchange of promises, a mutual understanding or arrangement; a contract. that a personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). will borrow money and repay it to the lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be over time.

Credit

An amount that a bank or company will let a personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). use. TrustA trust exists when one person holds property for the benefit of another. given to a customerUser of health care services, such as patients getting care or providers getting support services from for future paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments for goods purchased.

Credit

The ability of a personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). to borrow money, or buy good by paying over time. Credit is extended based on a lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be's good opinion of the person's financial situation and reliability.