Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
The definition of dispossess means putting someone out of possession in the case of something.
Dispossession means putting someone out of possession in the case of something. For instance, a property owner may be dispossessed of his/her property in various circumstances. The Government may dispossess an individual of property for his/her failure to pay property taxes in a timely manner. Or else, the lender may dispossess a property owner from the property owing to his/her failure to repay the mortgage/loan. These instances are sometimes observed in the real estate sector.
