Credit Agreement. A contractual agreement in which a debtor receives something of value and agrees to repay the creditor at some date in the future, in some form (e.g., cash, securities, etc.), generally with interest
The definition of what constitutes a "credit agreement" is a broad one and it extends to cover (without limitation) loan agreements, overdrafts, hire purchase agreements, conditional sale agreements, pawn agreements, credit card agreements and other agreements where goods or services are supplied, but payment for which is deferred or credit provided.
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- See e.g., Consumer Credit Act 1974