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Line of credit, credit cards, notes , bonds, mortgages.
A promissory note or written evidence of a debtor's obligation.

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11y ago

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11y ago

commercial credit instument

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Q: What are the types of credit instruments?
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That would all depend on what you mean by credit purchases because a lot of the utilities are credit based as well. When people don't purchase electricity and water on credit. That leads to the companies having to charge a flat rate which could cause overpayment by a lot. Or in some cases underpayment for the amount used. The same applies to cell phones and other types of bills where you pay for it after you use it.


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