What is credit?

Famous quotes containing the word credit:

“If you want to be on good terms with everyone in this world, sell goods on credit and never ask for payment.”
—Chinese proverb.

“To give money to a sufferer is only a come-off. It is only a postponement of the real payment, a bribe paid for silence, a credit system in which a paper promise to pay answers for the time instead of liquidation. We owe to man higher succors than food and fire. We owe to man.”
—Ralph Waldo Emerson (1803–1882)

“Money is a poor man’s credit card.”
—Marshall McLuhan (1911–1980)