credit
Definition
In the accounting context, it is the entry on the right-hand side of the balance sheet. Credit can decrease the value of an asset or it can increase the amount of capital, liability or revenue. It is a form of debt.
Definition from Nolo’s Plain-English Law Dictionary
See: tax credit
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:13 pm
