Legal term for a contract, in which persons usually agree to pay for goods in parts or a percentage at a time. (source: http://en.wikipedia.org/wiki/Hire_purchase)

To authorize and give a credit to a person who meets the conditions set by the lender and provide sufficient guarantees for its return.

The withdraw funds from a loan facility.

The traditional form of a credit scoring model is a scorecard. This is a table that contains a number of questions that an applicant is

The maximum amount of credit that a bank or other lender will extend to a customer, or the maximum that a credit card company will

An arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the bank will permit the borrower

A form or letter sent by a seller to a buyer, stating that a certain amount has been credited to the buyer’s account. (source: http://www.businessdictionary.com/definition/credit-note.html#ixzz2RP9KcXAG)