mutual credit
An alternative form of currency that can be created when a Transaction occurs, similar to a loan, but typically without interest being charged. A mutual credit system usually requires a method for tracking each participant's balance that can be reduced or eliminated if an offsetting transaction is made. Interbank forex counterparties often extend mutual credit to one another when executing forex trades.
Browse by Subjects
nil return
free market economy
eightytwenty law
Narrow-based index (NBI)
dollar gap