Credit and financing

Credit is the trust or agreement that allows someone to borrow money or access goods and services with the promise to pay later. Financing refers to how individuals or businesses obtain funds, often through loans or credit lines, to make purchases or invest in projects. Essentially, credit is the trust used to borrow, while financing is the process of securing funds for a specific purpose. Both enable people and organizations to manage cash flow, make major purchases, or grow their financial opportunities without needing all the money upfront.