Credit

Credit may refer to:

See also

Debits and credits

In double entry bookkeeping, debits and credits (abbreviated Dr and Cr, respectively) are entries made in account ledgers to record changes in value resulting from business transactions. Generally speaking, the source account for the transaction is credited (that is, an entry is made on the right side of the account's ledger) and the destination account is debited (that is, an entry is made on the left side). Total debits must equal total credits for each transaction; individual transactions may require multiple debit and credit entries to record.

The difference between the total debits and total credits in a single account is the account's balance. If debits exceed credits, the account has a debit balance; if credits exceed debits, the account has a credit balance. For the company as a whole, the totals of debit balances and credit balances must be equal as shown in the trial balance report, otherwise an error has occurred.

Accountants use the trial balance to prepare financial statements (such as the balance sheet and income statement) which communicate information about the company's financial activities in a generally accepted standard format.

Credit (finance)

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.

Credit does not necessarily require money. The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services. However, in modern societies, credit is usually denominated by a unit of account. Unlike money, credit itself cannot act as a unit of account.

Movements of financial capital are normally dependent on either credit or equity transfers. Credit is in turn dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds. Credit is also traded in financial markets. The purest form is the credit default swap market, which is essentially a traded market in credit insurance. A credit default swap represents the price at which two parties exchange this risk – the protection seller takes the risk of default of the credit in return for a payment, commonly denoted in basis points (one basis point is 1/100 of a percent) of the notional amount to be referenced, while the protection buyer pays this premium and in the case of default of the underlying (a loan, bond or other receivable), delivers this receivable to the protection seller and receives from the seller the par amount (that is, is made whole).

Malibu

Malibu may refer to:

Places:

Products:

Roger Joseph Manning, Jr.

Roger Joseph Manning, Jr. (born May 27, 1966) is an American musician, singer, songwriter and founding member of bands Jellyfish, Imperial Drag, The Moog Cookbook, and TV Eyes. He has also spent several years as an integral member of Beck's backing band, and made contributions to several recordings by the band Air. He is currently the session keyboardist for rock supergroup Angels & Airwaves. He is known for his distinctive style of playing various analog and digital synthesizers. Electronica, power pop, psychedelia and jazz are his primary genres although he also does session work with a number of artists as well as commercial and soundtrack music. As well as providing session work, he used to work frequently with producer Jerry Finn, through whom he was credited as keyboardist on a number of recordings with pop-punk band Blink-182.

In early 2006, Manning released his long-awaited first solo album in Japan only. That album, Solid State Warrior, was subsequently issued in the U.S. under a different title The Land of Pure Imagination, along with an altered song content. In March 2008, Manning released his second solo album in Japan only. That album, Catnip Dynamite, was eventually released in the U.S. on February 3, 2009. The U.S. release contains three bonus tracks that were recorded during a live performance at Fujifest in Japan. Roger is also credited with playing keyboards on several 2004-2009 works by singer Morrissey.

Malibu (rum)

Malibu is a brand of rum, flavored with liqueur, possessing an alcohol content by volume of 21.0% (42 proof). The brand is owned by Pernod Ricard.

History

The product was originally made from fruit spirits, flavored with rum and coconut flavoring in Curaçao. Originally, the product was used to simplify the making of piña coladas by bartenders. When the product took off, the production was then moved to Barbados where the rum is made by West Indies Rum Distillery Ltd., and the quality of the ingredients used was improved.

The brand was sold by Diageo to Allied Domecq for £560m ($800m) in 2002. In 2005, French company Pernod Ricard purchased Allied Domecq for $14 billion. The deal meant that Pernod Ricard acquired a number of alcoholic beverage brands including Malibu rum.

Marketing

Past advertising campaigns labeled it "seriously easy going" and usually features people from the Caribbean taking life seriously, in a parody of the stress associated with the Western urban lifestyle, with a voice over at the end saying "If people in the Caribbean took life as seriously as this, they would never have invented Malibu. It's seriously easy going." The marketing thrust of Malibu rum has also strongly focused on marketing Malibu rum's online streaming audio station known as RadioMaliBoomBoom.com.