### Question
How does EQUAL CREDIT OPPORTUNITY define credit?


### Answer
Under *15 U.S.C. § 1691a*, **credit** is defined as:

> the right granted by a creditor to a debtor to defer payment of debt or to incur debts and defer its payment or to purchase property or services and defer payment therefor

#### Citation:
  - *15 U.S.C. § 1691a*
  - Heading: **CHAPTER 40-DEPARTMENT OF COMMERCE > SUBCHAPTER IV-EQUAL CREDIT OPPORTUNITY**

