Abstract:

Credit may be simply defined as the transfer of purchasing power to the use of another person in return for interest to be paid after a certain period of time accounts for an important part of the banking operations today. Credit involves both tangible or intangible assets, or a certain amount of money or guarantee contract and bail in order to create purchasing power, and the assumption of liability for the risk. In this respect, we can categorize the credit types into two as cash credits that provide the borrower with purchasing power through the gain of a cash payment and non-cash credits that is the assumption of liability in the realization of a certain risk, without gaining any cash payments. The legal character of the loan types and the provisions to be applied vary in line with this categorization. The credit relationship between the Bank and a real or legal person is established through the signing of a credit agreement including the opening of a single loan or a credit-opening agreement that involves the opening of multiple loans. The content of the credit agreement or credit-opening agreement varies according to the type of the credit. In addition, in the credit relationship established through the credit or credit opening agreement, the type of the account to which the loan will be deposited is also important in terms of the way in which the loan is used and how the payment will be made.

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