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.
EIS is also called the environmental impact assessment or EIA. This analyzes and evaluates the environmental impact of any project, program, initiative, policy, plan, and so on. This is analyzed before granting approval to the action that has been proposed in this regard. The term is mostly used whenever it is applicable to real projects by several companies and individuals, and the SEA (strategic environmental assessment) term is applied to plans, policies, and programmes, mostly proposed by state bodies/agencies.
EIS or EIA may be guiding principles for State authorities or agencies, in terms of granting approvals to real estate or residential projects. This varies, depending upon the State, territory, or region.
