1. Concept
Credit derives from Lat. credere (“believe”, “trust”) and means the release of a good for use in the present in exchange for a claim to a compensating payment in the future. Credit presupposes the confidence of the credit-giver ( creditor) in the capacities (ability or willingness to pay) of the credit-taker (debtor). Credit is not to be equated with money; rather, money is, alongs…