Available credit

Available credit,

Definition of Available credit:

  1. Available funds are linked to credit card balances or other types of loans. Available credit refers to the amount remaining to be spent. This amount can be calculated by deducting the borrower's purchases (and interest on those purchases) from the full credit limit of the account. The credit limit is the total amount that can be borrowed. Credit thresholds for consumers are usually determined based on your credit report and your annual gross income.

  2. Amount spent on approved credit cards, debit accounts, open accounts or guaranteed accounts.

  3. The available balance is the difference between the total loan limit and the amount borrowed by borrowers on purchases (plus interest on the purchase amount).

How to use Available credit in a sentence?

  1. Along with credit cards and other revolving loans, the payment is used to increase the lender's available credit (which the borrower can then use to make additional purchases).
  2. For credit cardholders, the available balance is the amount remaining after deducting all of your purchases (and interest on these fees) from your credit card ceiling.
  3. Available balance refers to the remaining amount that the borrower has not spent. This amount can be calculated by deducting the borrower's purchases from the total credit limit of the credit account.

Meaning of Available credit & Available credit Definition

Available Credit,

What is The Definition of Available Credit?

  • The amount of unused credit. The available balance is calculated by subtracting the outstanding balance from your total credit limit.

  • Available Credit refers to The difference between the credit limit on the holder's account and the current account balance. See credit card questions.

Literal Meanings of Available Credit

Available:

Meanings of Available:
  1. Which can be used or made available to anyone.

Sentences of Available
  1. Drinks will be available throughout the afternoon.

Synonyms of Available

ready for use, within easy reach, unused, on sale, untaken, up for grabs, accessible, at one's fingertips, obtainable, get-at-able, in season, on the market, in stock, at hand, gettable, to hand, at one's disposal, to be had, procurable, convenient, on tap, handy, yours for the asking, unengaged

Credit:

Meanings of Credit:
  1. The customer's ability to receive goods or services before payment based on the belief that payment will be made in the future.

  2. An entry that records the amount received is entered to the right or column of the account.

  3. Public recognition or appreciation

  4. Identification of the completion of the course or activity by the student, which is counted towards the degree or diploma shown in the school report.

  5. Reliable or reputable quality.

  6. The audience recognizes a role in the production (something that is published or broadcast).

  7. Add (amount of money) to the account.

  8. Believe it or not (something surprising or impossible)

Sentences of Credit
  1. The column must be included and the debit amount must be equal to the credit amount.

  2. The Prime Minister immediately asks for a tax credit.

  3. Cicero's abstract philosophy lost its popularity.

  4. The script is attributed to an American author and two Japanese authors.

  5. This late tax can be deposited in the income statement.

  6. You may not believe it but it is true.

Synonyms of Credit

fall for, set down, count on, regard, eulogium, have confidence in, take something as gospel, hat tip, bouquets, recognition, esteem, go for, lay at the door of, praise, admiration, put down, swallow something ■■■■, believe, line, accredit, chalk up, attribute, financial status, commendation, laudation, stick something on, gratitude, assign, accept, merit

Available Credit,

What is The Meaning of Available Credit?

  • The difference between the credit limit on the card account and the balance on the checking account. See credit card questions.

Literal Meanings of Available Credit

Available:

Sentences of Available
  1. Drinks are available all afternoon.

Credit:

Meanings of Credit:
  1. Publicly acknowledge the role of production partners (some published or broadcast)

Synonyms of Credit

acclaim, kudos, solvency, depend on, acknowledgement, buy, associate with, ascribe, extolment, adulation, respect, approval, give credence to, glory, veneration, have faith in, connect with, tributes, brownie points, financial standing, and sinker, thanks, appreciation, impute, rely on, trust, approbation

Available Credit

The difference between the credit limit assigned to the cardholder's account and the current account balance. See credit card related questions.