What is a credit on your financial account defined as? 


The description of the item you are being charged for. 


A charge and something that you need to pay. 


The amount that was carried over from the previous year. 


A payment that has already been made by you/your bursary. 

1 answer

A credit on your financial account is defined as a payment that has already been made by you/your bursary. This typically indicates an amount that has been applied to reduce the balance owed on the account.