[German Version]

A credit establishes an in personam relationship between a credit-giver (creditor) and a credit-receiver (debtor). The creditor lends the debtor an amount of money fixed by contract. In return, the debtor takes on the obligation to repay the entire amount to the creditor at the end of the term of the credit. As a fee for the credit, a specified interest rate (Interest) is agreed upon which the debtor must pay the creditor within a defined period for the allocation of the credit in addition to the agreed repayment of the principle. Depending …