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.
Extension means any electrical cable length which helps in using appliances or things positioned at a distance from the power socket in question. It also means extending anything or adding a new portion to any property for enlarging or increasing the same. It means a range over which something is extended or increasing the timeline or duration for something. Basically, an extension means any addition.
An extension indicates any new building or room which is added to any existing real estate property or unit, or land. It means adding any part to the property, thereby enlarging it. It also means extending the deadline or timeline for any real estate transaction, including making the payment to acquire property, or even to pay rent to the landlord.
