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credit
credit granting of goods, services, or money in return for a promise of future payment. Most credit is accompanied by an interest charge, which usually makes the future payment greater than an immediate payment would have been. The credit system is founded upon the lender's confidence in the borr...
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credit union
credit union cooperative financial institution that makes low-interest personal loans to its members. It is usually composed of persons from the same occupational group or the same local community. Funds for lending come from the sale of shares to members and from the members' savings deposits. Coo...
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Clifford Hugh Douglas
Clifford Hugh Douglas 1879-1952, English engineer and social economist, educated at Cambridge. Author of the economic theory of Social Credit , he became (1935) chief reconstruction adviser to the Social Credit government of Alberta, Canada, but, differing with some of its policies, he shortly res...
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bond
bond in finance, usually a formal certificate of indebtedness issued in writing by governments or business corporations in return for loans. It bears interest and promises to pay a certain sum of money to the holder after a definite period, usually 10 to 20 years. Security is usually pledged agains...
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letter of credit
letter of credit commercial instrument through which a bank or other financial institution instructs a correspondent institution to advance a specified sum of money to the bearer. The document is called a circular letter of credit when it is not addressed to any particular correspondent. In effect,...
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credit card
credit card device used to obtain consumer credit at the time of purchasing an article or service. Credit cards may be issued by a business, such as a department store or an oil company, to make it easier for consumers to buy their products. Alternatively credit cards may be issued by third parties...
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Iguanodon
Iguanodon [Gr., = iguana tooth], herbivorous ornithiscian dinosaur , characterized by teeth similar to those of the iguana , a horny beak, spikelike thumbs, and a powerful tail. It may have been capable of walking on either two or four feet. Fossils remains of the 30-ft-long (9-m) r...
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William Aberhart
William Aberhart , 1878-1943, premier of Alberta, Canada, b. Ontario. He was a schoolteacher and a founder and dean of the Calgary Prophetic Bible Institute (opened 1927). About 1932 he became interested in Social Credit , which advocated direct money payments to all citizens. He was an organizer o...
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Hannah Glasse
Hannah Glasse , fl. 1747, writer of a popular English cookbook, Art of Cookery (1747). She is also credited with writing The Compleat Confectioner and The Servant's Directory, both published in 1770.
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Social Credit
Social Credit economic plan in Canada, based on the theories of Clifford Hugh Douglas . The central idea is that the problems fundamental to economic depression are those of unequal distribution owing to lack of purchasing power. To solve these difficulties Douglas proposed a system of issuing to ...
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