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Definition of "Credit"

Cecelia  Hayes
  Berkshire Hathaway Home Services

  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.

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