Credit Or Loan Refers To An Agreement Between
1 Results Chapter 8 Credit Flashcards Quizlet Credit is generally defined as an agreement between a lender and a borrower. credit also refers to an individual or business' creditworthiness or credit history. in accounting, a credit may either. Several federal and state consumer protection laws protect consumers against predatory and usury loan tactics used by lenders. the truth in lending act, real estate settlement act and the home owners protection act federally protect borrowers against predatory lenders. many states enacted companion consumer predatory and usury protection acts to protect borrowers. both parties benefit because lenders make reasonable interest repayment rates and borrowers receive a much-needed loan. several fede Loan On Approved Regardless Of Credit Credit or loan refers to an agreement between: lender and borrower. explanation: a credit agreement is a legitimately required agreement progressed among a character who borrows money and the lender. it is a...