Archive for Word Of The Week

word of the week Credit

Investopedia Definition ‘Credit’

Credit is a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some date in the future, generally with interest. Credit also refers to an accounting entry that either decreases assets or increases liabilities and equity on the company’s balance sheet. Additionally, on the company’s income statement, a debit reduces net income, while a credit increases net income.

 

Word of the week Frugal

Webster Dictionary Definition
Fru´gal
1.Economical in the use or appropriation of resources; not wasteful or lavish; wise in the expenditure or application of force, materials, time, etc.; characterized by frugality; sparing; economical; saving; as, a frugal housekeeper; frugal of time.
I oft admire
How Nature, wise and frugal, could commit
Such disproportions.
– Milton.
2.Obtained by, or appropriate to, economy; as, a frugal fortune.