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.
By a flood plain, we mean any zone/region which is a flat land located beside or alongside any water body like a river. This zone is subject to flooding or gets completely covered by water periodically due to this scenario. These lands are regarded as immensely fertile, since they have deposited river sediments making up a portion of the land in question. This enables the growing of crops and other plants in most cases. However, flood plains are risky for developing homes and other establishments as well.
Sometimes homes are built on flood plains, although they carry immense risks due to flooding and other related calamities. Buyers should always check whether they are purchasing properties located on flood plains. There are several provisions that may be checked in this regard. Those with properties in flood plains will require suitable insurance coverage for their properties, and this is usually not covered by conventional insurance policies. Property owners in these zones should also have plans of action for mitigating disasters like flooding and other emergency blueprints. However, purchasing property on a flood plain is always avoidable if you are a buyer.
