Explain what is meant by credit. what is the function of interest

Credit is generally defined as an agreement between a lender and a borrower, who promises to repay the lender at a later date—generally with interest. In accounting, a credit may either decreases assets or increases liabilities and equity on a company's balance sheet.

Credit is generally defined as an agreement between a lender and a borrower, who promises to repay the lender at a later date—generally with interest. In accounting, a credit may either decreases assets or increases liabilities and equity on a company's balance sheet.

Explanation:

ur welcome

i don’t no. snskdbdbsjxbdbxbxhskd

answer; a set of mutual funds with similar risk characteristics to your mutual fund;