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Credit (Economics is the posthis spurs)

in economics, is the posthis spurs. CREDIT, in economics, is the postpayment of a debt to a future day. It implies confidence of the creditor in the debtor; and a "credit system" is one of general confidence of people in each implies confidence of the creditor in the debtor; and a "credit system" is one of By means of a credit system a comparatively small stock of money can be made to do duty for carrying on a number of tively small stock of money can be made to do duty for carrying on a number of money must be instantly available when required, and this principle applies to every species of transaction where postsable for every good system of credit that money must be instantly available when credit is the confidence which men entertain in the ability and disposition of a nation to make good its engagements poned payment is concerned. Public credit is the confidence which men enterwhich individuals hold the public promises of payment, whether such promises are expressed or implied.

The term is also applied to the general credit of individuals in a nation; when merchants and others are wealthy and punctual in fulfilling engagements; expressed or implied. eral credit of individuals in a nation; when merchants and others are wealthy The term is also applied to the genproperty are made with ease. CREDIT UNIONS