Math Definitions - Letter C
Chapters
Credit
Definition of Credit
If you buy something on credit, you can take the goods home or use the service now, but you still have to pay for them later on.
You have to establish trust in order to be allowed to use credit. A good way to do this is to make sure you always pay your bills on time.
Some common forms of credit are credit cards and loans.
For example, Sam really wants to buy the latest video game, but he doesn't have enough money at the moment. If he borrows the money from his Mum, he will be able to buy the video game on credit. This means that he will have the video game right now, but he will still owe his Mum \(\$80.00\) that he will have to pay her later.
Description
The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.
Audience
Year 1 to Year 12 students
Learning Objectives
Learn common math terms starting with letter C
Author: Subject Coach
Added on: 6th Feb 2018
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