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.
Fair value means a measure/analysis/evaluation of the value/worth of an asset and is different from the market value. Fair value is a reference of the estimated worth/value of the liabilities and assets of any company and they are listed on the financial statement of the company. Fair value is a term with several meanings that are applicable in the financial and industry sector. It means the sale price of the asset that is agreed upon by the willing seller and buyer, taking into account the fact that parties have knowledge and freely venture into the transaction.
Fair value means an indicator of the price of an asset, as worked out by the willing buyer and seller. It means the broader measure of the worth/value of the asset and it also applies in the real estate or property sector. Fair value is the actual selling price or figure for any asset/property and is agreed to be paid out by the buyer, or as fixed by the property seller. Both parties will benefit greatly from the property sale as a result.
