Credit


Definition of "Credit"

Rebecca Durando real estate agent
Rebecca Durando Remax Crown Realty

  1. A purchase of real property made on account.
  2. Loan extended to business or individuals to buy real estate.
  3. In taxation, a dollar-for-dollar reduction in taxes. An example of a tax credit is the housing rehabilitation credit.
  4. Form of trust established between a lender and a borrower.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ