Public credit can be defined as: 1.The extension of credit to, or borrowing...
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Accounting
Public credit can be defined as:
1.The extension of credit to, or borrowing by, units of government, states and municipalities as well as the federal government.
2.The extension of credit to or used by the general public or individuals.
3.The extension of credit to or used by publicly held companies.
4.The extension of credit to or used by both the general public and publicly held companies.
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