Finance a Computer No Credit Check
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Credit (finance) - Credit as a financial term, used in such terms as credit card, refers to the granting of a loan and the creation of debt. Any movement of financial capital is normally quite dependent on credit, which in turn is dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds.
Credit memo - A credit memo is an invoice with a negative amount, that can be applied to a client's ledger or processed into a refund check.
Cyclic redundancy check - A cyclic redundancy check (CRC) is a type of hash function used to produce a checksum - which is a small number of bits - against a byte or a larger block of data, such as a packet of network traffic or a block of a computer file. The checksum is used to detect and correct errors after transmission or storage.
Credit default option - In finance, a default option or credit default option is an option to buy protection (payer option) or sell protection (receiver option) as a credit default swap on a specific reference credit with a specific maturity. The option is usually european, excercisable only at one date in the future at a specific strike price defined as a coupon on the credit default swap.
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