Tooltip Categories: Economics & Finance

credit balance

Whether a debit or a credit increases or decreases an account balance depends on the type of account. Asset and expense accounts are increased on

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credit card annual fees

Fixed amount that a financial institution charges to a credit or debit card holder, for issuing, replacement or renewal, and management. In the case here

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credit card issuer

A credit card issuer is a bank or credit union who offers credit cards. The credit card issuer makes the credit limit available to cardholders

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CPI

Consumer Price Index Official measure of the general level of inflation as reflected in the retail price of a basket of goods and services such

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craftwork

An activity involving skill in making things by hand. (source: http://oxforddictionaries.com/definition/english/craft)

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creative accounting

Accounting practices that follow required laws and regulations, but deviate from what those standards intend to accomplish. Creative accounting capitalizes on loopholes in the accounting

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credit

To make an entry in an account representing a decrease in the value of assets or an increase in the amount of liabilities.(http://accountingdictionary.org/dictionary/credit/)

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credit (accounting)

A journal entry recording an increase in assets. With cash basis accounting, credits are recorded when income is received. With accrual basis accounting, credits are

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