What does credit mean? creditNoun An agreement to make money available and an off-balance sheet item of the lender, it becoming a loan once drawn down. Related Item(s):How are leveraged leases accounted for under US GAAP?What is the IFRS expected credit loss (ECL) model?What are bilateral and multilateral lending? 2024-09-11T14:27:08+02:00 Share the knowledge! Choose your platform: FacebookXRedditLinkedInTumblrPinterestVkEmail