Glossary

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entry in the right-hand side of an accounting record using the double entry principle. A credit...

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when consumers buy goods or services and pay for them in the future.

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a plastic card with encoded information that allows the holder to make purchases and to pay the...

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the process where commercial banks lend out the money that they receive as deposits and grant...

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transaction where the business delays payment to a future date and goes into debt to buy items...

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