Credit [Meaning] - MasterTerms.com

In more detail, a credit functions like a line of credit at a casino, enabling players to place bets without immediate cash on hand. Players can apply for credit through the casino’s credit office, and once approved, they can use the credit for various games within the casino. The borrowed amount is expected to be repaid, typically after the gambling session or within a set period, depending on the casino’s policies.

Credit Example

For example, a player might apply for a $5,000 credit line at a casino. Once approved, they can use the credit to play blackjack, poker, or other games, and then settle the balance after their gaming session.

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Glossary: Hopper
A hopper is the part of a slot machine that stores and dispenses coins after a winning combination.
Glossary: Junket
A junket is a trip or package offered to high-roller players by casinos to encourage gambling.
Glossary: Marker
A marker is a form of credit issued by a casino to a player.
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Interpretability refers to the degree to which a human can understand the cause of a decision made by a machine learning model.

Alternative Meanings:

Credit
Credit allows individuals or businesses to obtain funds from lenders based on their trustworthiness and repayment history, which is typically evaluated through credit scores. It can take various forms, such as credit cards, personal loans, or mortgages. When a borrower receives credit, they enter into an agreement with the lender that specifies the amount borrowed, the interest rate, and the repayment terms. This mechanism enables consumers to make purchases they may not afford upfront while also building their credit history and score, which can affect future borrowing opportunities.
Credit Example
For example, when a person uses a credit card to buy a new laptop, they borrow money from the credit card issuer to complete the purchase, agreeing to repay that amount later, usually with interest if not paid in full by the due date.