Definition of Bank credit

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TeachMeFinance.com




historic definition...

Bank credit -- A credit with a bank, usually established by depositing security, on which money may be drawn by check up to an agreed amount.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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