Bitesize British English Lessson #26: Credit

The video tutorial explores the concept of 'credit' in various contexts. Initially, it discusses credit as a form of praise or honor, highlighting how it is used to recognize someone's achievements. The tutorial then shifts to the financial aspect of credit, explaining how it functions as a system where payments are made later, often involving credit cards and interest. Additionally, credit is examined as a verb, meaning to pay or to believe something unlikely. Finally, the term 'creditor' is introduced, referring to individuals or entities to whom money is owed.

Can you explain what it means to have interest-free credit?

What does the term 'creditor' refer to?