[6] U NDERSTANDING C REDIT : L IKE I T OR N OT CREDIT IS A CORNERSTONE of modern finance, ed si vs iednut ai al sl f aonr db oe tnht rpeeprrseonneaul rasn cda bn ums i anke es ss sa uv cv cye fsisn. aI nn -- cc iraelddi te—c i ss iuocnhs absypue nr sdoenr as tl acnr de di ni tg ctahred vs ,abr iuosui ns et sysp lei sn eosf of i ft sc ar enddi pt , oatne dn t mi a lopr ei t—f a lal lso. nTgh iws ci thha pt ht eeri rt ouunci qh ue se obne tnhee- iynotur ircfai cniaens c ioafl jcoruerdni et ,y ewmi tphocwoenrf ii nd ge nyc oe ua ntdo c ml a raint ya .g e W HAT IS C REDIT ? r ta o i w n A e t g r i o t a o s n d c d s o , r a e s l , e e c r n r v d e ic d e e r it s t , i h s o a a r t n a m a ll g o o r n w e e e s y m th n e e o n w t b b o , - - promise to repay the lender at a later date. This e r b r t a w o s w e e d e e n r o t a n o b o t o h b r e
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