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.
It means an act of providing or giving something and taking something else in return, usually of the same type or value in most cases. This also means substituting something with any other thing, or offering/giving something in return for something else. It also means changing currencies or conversion of the same into other currencies.
In real estate, it is a property transaction, where a taxpaying individual sells off property that is held for investment or usage in any business/trade, and makes use of the proceeds for acquiring another property in exchange for the same, or as a replacement. This means mutual ownership transfers of two properties between two persons as well.
