Non-Corporate Credit is a catch-all term used to include types of bonds that are forms of credit, but not issued by private corporations - and therefore cannot be considered corporate debt. Non-Corporate Credit generally includes sovereign debt, regional governments and government agencies in a currency other than that of the issuer, and bonds issued by supranational entities.
Famous quotes containing the word credit:
“If you want to be on good terms with everyone in this world, sell goods on credit and never ask for payment.”
—Chinese proverb.