Terms Made Simple

Bootstrapping Term

Barter

While most exchanges of goods or services involves money going in one direction and the goods or services in the other, barter is a two-way exchange of goods or services of approximately similar value. For example, a...

Debt Term

Credit history

Because of the importance of credit in the economy, in many countries there are companies that collect credit related transaction information about individuals, businesses or both. The accumulated series of these...

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