Children's, Intermediate and Advanced Online English Dictionary & Thesaurus

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credit bureau an organization that collects and dispenses credit information on individuals or companies.
credit card a card from a bank or store that lets a person buy things and pay for them later.
credit history a record of how somebody has repaid loans, credit card bills, and other debts, used as a guide by money lenders.
credit rating a rating of the worthiness of an individual or company to be extended credit, based on previous repayment of debts, financial stability, and the like.
credit union a cooperative financial association that provides its members with services such as checking or savings accounts and loans at low interest rates.
letter of credit a letter from a bank authorizing the bearer to withdraw specified sums of money, usu. from other banks, finance houses, or agencies, to be charged to the bank that issued the letter.
line of credit a statement by a bank, credit card company, department store, or the like agreeing to extend a certain amount of credit to the person named on the statement. [2 definitions]