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Besides the definition of the words "loan" and "credit", the wording of your question implies that you're actually asking for the difference between a Term Loan and a Line of Credit (LOC). With a term loan you receive the full initial balance up front, and pay interest on the entire remaining balance beginning on day 1, until the full balance ...
A definition in US banking law is: An extension of credit is a making or renewal of any loan, a granting of a line of credit, or an extending of credit in any manner whatsoever... An analogous phrase is "extend a job offer", which means simply "make a job offer", not necessarily anything more specific like "postpone the deadline for responding ...
In my experience the distinction is usually that a credit is usable only through that one business (or that one credit card, depending on how the credit is processed), whereas a refund can be taken in cash. But it sounds like you need business law advice, which is out of scope here. –
What the (Credit) means in this case depends on whether it is meant from the perspective of the utilities company or meant from the perspective of the customer. When the UI is user-friendly, it should describe the situation from the customer perspective which would mean you have credit with the company, but in that case the button "Pay now ...
The bank "credit's" your account for money coming into it. In double entry accounting, you always have a debit and a credit to balance the accounts. As an Example: for $500 that the bank credited to your checking account, you would post a debit to Cash and a Credit to Income Earned.
2. Waddler said it right, it depends on whether or not it is going against asset or liability. Your salary is said to be credited in bank's term, whereby the bank experiences a increase in its liability (your bank deposits) and hence its a credit for them. We usually understand that its a credit for us, however not. This is what I understand.
Your credit card payment due date will fall on the same date each month. For example, if your credit card payment is due on the 10th of this month, it will be due on the 10th of every month. Most credit card issuers allow you to change your due date to another date during the month. Make sure to pay in full and before the due date.
First digit is 4 for VISA, 5 for Mastercard, 6 for Discover/Diners Club, 3 for American Express/Diners Club (those are shorter than 16). Also, first 6 digits for Visa and Mastercard are code numbers for the issuing institution. By these 6 digits anyone can know which institution issued the card, and what type of card it is (debit/credit ...
The actual arithmetic operation performed by a debit or a credit depends on the book keeping classification of the ledger it is performed on. Liability accounts behave the way you would expect - a debit is subtraction, and a credit is addition. Asset accounts are the other way around, a debit is an addition, and a credit is a subtraction.
PCI compliance is for the vendor that you are shopping with and PA DSS applies to the company that produces the software that takes the credit cards (what the vendor uses to sell you things). According to the PCI Compliance Guide , the maximum digits that can be displayed are the first 6 and last 4 of a card number.