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Legal Terms -. Credit
: the mutually agreed-upon postponement of debt payment. A cash loan is included in the category of credit under the Consumer Credit Act of 1974, along with all other forms of financial accommodations. The complete cost of items hired to an individual under a *hire-purchase agreement is included, minus the sum of the deposit and the entire fee for credit. The charge for credit is not included. 2. A witness's credibility (in the context of evidence law). The *trier of fact may deduce it based on the testimony of the witness and the available evidence. A witness may be subjected to a cross-examination on credibility based on factors such as their bias, past convictions (if permitted by the Criminal Justice Act 2003), inconsistent statements made in the past, untruthfulness in the past, or any physical or mental impairment that could compromise the credibility of their testimony.
: the mutually agreed-upon postponement of debt payment. A cash loan is included in the category of credit under the Consumer Credit Act of 1974, along with all other forms of financial accommodations. The complete cost of items hired to an individual under a *hire-purchase agreement is included, minus the sum of the deposit and the entire fee for credit. The charge for credit is not included. 2. A witness's credibility (in the context of evidence law). The *trier of fact may deduce it based on the testimony of the witness and the available evidence. A witness may be subjected to a cross-examination on credibility based on factors such as their bias, past convictions (if permitted by the Criminal Justice Act 2003), inconsistent statements made in the past, untruthfulness in the past, or any physical or mental impairment that could compromise the credibility of their testimony.
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