Credit

Credit may refer to:

See also

Debits and credits

In double entry bookkeeping, debits and credits (abbreviated Dr and Cr, respectively) are entries made in account ledgers to record changes in value resulting from business transactions. Generally speaking, the source account for the transaction is credited (that is, an entry is made on the right side of the account's ledger) and the destination account is debited (that is, an entry is made on the left side). Total debits must equal total credits for each transaction; individual transactions may require multiple debit and credit entries to record.

The difference between the total debits and total credits in a single account is the account's balance. If debits exceed credits, the account has a debit balance; if credits exceed debits, the account has a credit balance. For the company as a whole, the totals of debit balances and credit balances must be equal as shown in the trial balance report, otherwise an error has occurred.

Accountants use the trial balance to prepare financial statements (such as the balance sheet and income statement) which communicate information about the company's financial activities in a generally accepted standard format.

Credit (finance)

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.

Credit does not necessarily require money. The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services. However, in modern societies, credit is usually denominated by a unit of account. Unlike money, credit itself cannot act as a unit of account.

Movements of financial capital are normally dependent on either credit or equity transfers. Credit is in turn dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds. Credit is also traded in financial markets. The purest form is the credit default swap market, which is essentially a traded market in credit insurance. A credit default swap represents the price at which two parties exchange this risk – the protection seller takes the risk of default of the credit in return for a payment, commonly denoted in basis points (one basis point is 1/100 of a percent) of the notional amount to be referenced, while the protection buyer pays this premium and in the case of default of the underlying (a loan, bond or other receivable), delivers this receivable to the protection seller and receives from the seller the par amount (that is, is made whole).

Donuts (corporation)

Donuts or Donuts Inc. is a start-up company that was created to apply and run new generic top-level domains (gTLDs) as made possible by ICANN's gTLD expansion program; it was co-founded by Paul Stahura, Jonathon Nevett, Richard Tindal, and Daniel Schindler. In April 2011, the company was in stealth mode and raising capital; based on the company's filing with the Securities and Exchange Commission (SEC), Donuts raised $1 million equity financing. Since then it has submitted 307 gTLD applications and secured an initial investment of $100 million in financing, and a subsequent round of an undisclosed amount though apparently it "almost doubles" its reserves. The second round of funding was earmarked specifically for gTLD auctions to resolve its 158 contention sets. The company's headquarters is located in Bellevue, Washington.

In September 2012, Donuts was ranked #14 in The Wall Street Journal's Top 50 Start-Ups for 2012. It was also the newest start-up on the list.

New gTLD applications

Apartment

An apartment (in American and Canadian English) or a flat (in British English) is a self-contained housing unit (a type of residential real estate) that occupies only part of a building, correctly, on a single level without a stair. Such a building may be called an apartment building, apartment complex (in American English), apartment house (in American English), block of flats, tower block, high-rise or, occasionally mansion block (in British English), especially if it consists of many apartments for rent. In Scotland it is called a block of flats or, if it's a traditional sandstone building, a tenement, which has a pejorative connotation elsewhere. Apartments may be owned by an owner/occupier, by leasehold tenure or rented by tenants (two types of housing tenure).

Terminology

The term apartment is favoured in North America (although flat is used in the case of a unit which is part of a house containing two or three units, typically one to a floor) and also is the preferred term in Ireland. In the UK, the term apartment is more usual in professional real estate and architectural circles where otherwise the term flat is commonly, but not exclusively, for an apartment without a stair (hence a 'flat' apartment). Technically multi-storey apartments are referred to as 'duplex' (or 'triplex') indicating the number of floors within the property. Usage generally follows the British in Singapore, Hong Kong and most Commonwealth nations.

The Apartments

The Apartments, an Australian indie band created in 1978 in Brisbane by Peter Milton Walsh. Based in Sydney, Australia, the band has continued to play, mostly in France, and has recorded eight albums, with the most recent release in 2015. With Peter Milton Walsh as singer-songwriter, The Apartments continue as a core group of players from the UK, Australia and France for recording and touring.

History

The band's name derives from Billy Wilder's 1960 film The Apartment. The Apartments have had a strong following in Europe since being based in London in the mid-1980s. Since returning to live in Australia in the late 1980s Walsh has continued to tour The Apartments in France and occasionally in Australia.

Early Apartments and Brisbane Connections (1978-1980)

The Apartments first came together in Brisbane in 1978 with Walsh (guitar, vocals), Michael O'Connell (guitar, vocals), Peter Whitby (bass, vocals) and Peter Martin (drums). The Apartments played regularly during a period of flourishing creative activity in Brisbane in the late 70s