agri2023

University of Washington

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AGRICULTURAL CREDIT - MEANING, DEFINITION, NEED AND CLASSIFICATION
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5

October 2022

2022/2023
AGRICULTURAL CREDIT-MEANING, DEFINITION, NEED AND CLASSIFICATION Definition Credit is obtaining control over the use of money at the present time in exchange for a promise to repay it at some future time. Credit is also defined as a device for facilitating the temporary transfer of purchasing power from those who have surpluses of it to those who are in need of it. Thus, credit involves a temporary transfer of wealth. Agricultural Credit is the amount of investment funds made available for a...
ouali2022
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