AOL: What Is Credit? Definition, How It Works and Why It Matters Credit is a financial tool that allows people to borrow money or access goods and services before paying. In today’s world, credit is used for just about everything.

Understanding the Context

From large-scale purchases such as ... What Is an Unsecured Line of Credit Loan? Unsecured Line of Credit Loans are a type of credit that allows borrowers to access funds up to a certain limit without having to put up collateral. These ...

Key Insights

When you get a loan from a bank, credit card issuer or other financial institution, you’re requesting credit. You’re making a promise to the financial institution that you’ll pay back the money it’s ... The meaning of DEFINITION is a statement of the meaning of a word or word group or a sign or symbol. How to use definition in a sentence. DEFINITION definition: the act of defining, or of making something definite, distinct, or clear.

Final Thoughts

See examples of definition used in a sentence. DEFINITION meaning: 1. a statement that explains the meaning of a word or phrase: 2. a description of the features and…. Learn more. A definition is a statement giving the meaning of a word or expression, especially in a dictionary.