### Question
How is the "credit" defined?


### Answer
The term **credit** is defined in *15 U.S.C. § 1691a* as follows -

> 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 41-CONSUMER CREDIT PROTECTION > SUBCHAPTER IV-EQUAL CREDIT OPPORTUNITY**

