Credit extension 2025

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215.3 Extension of credit. (a) An extension of credit is a making. or renewal of any loan, a granting of a. line of credit, or an extending of credit. in any manner whatsoever, and in-
Meaning of extended credit in English money that is lent for a longer period of time than is usual or than was originally agreed: The airline asked for extended credit from three to six months. Small businesses are less likely to get extended credit terms from their suppliers.
When you extend credit to a customer, you allow them to obtain goods or services before they pay for them. You are trusting your customer to pay at a later date. This can be a win-win situation. Extending credit can attract new customers and can create loyalty and trust among existing ones.
Supplementary card or extension card refers to a credit card issued to another person whose credit limit is consolidated with the primary cardholder. Minimum requirements for banks operating as credit card issuers.
A credit extension is a request to increase the amount of credit available to you from a lender.

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Extension of Credit means the making of a Borrowing, the issuance of a Letter of Credit or the amendment of any Letter of Credit having the effect of extending the stated termination date thereof or increasing the maximum amount available to be drawn thereunder.
money that is lent for a longer period of time than is usual or than was originally agreed: The airline asked for extended credit from three to six months. Small businesses are less likely to get extended credit terms from their suppliers. ECONOMICS.

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