Month: August 2024

Categories
Emergency

Different meanings and understanding or interpretation of word “credit”. Posted by {(male) Khalid Mahmood} in Ottawa Ontario Canada K1G 3P2 on August 29 of 2024.

TO WHOM IT MAY CONCERN/INTEREST

Following are the two definitions/meanings of the word “credit” depending on the use of the word “credit” as described by the dictionaries on the internet.

Surplus money in account because of advance payment is known as “in credit”.
Unpaid money to be paid later is “on credit” or debt.

Word credit is misunderstood in many situations or wrongly used to described a situation.

“Credit” is also an asset that is earned, such as students earn credits by completing the coursework.

Published by

{(male) Khalid Mahmood}

Ontario DL#: M01684340561220

Ph:+1(613)413-9812

1909 Russell Rd, apt #307

Ottawa Ontario Canada K1G 3P2