Section 2502 - DefinitionsAs used in this chapter-
(1) "banking organization" means any bank, trust company, savings bank, safe deposit company, or a private banker engaged in business in the United States;(2) "business association" means any corporation (other than a public corporation), joint stock company, business trust, partnership, or any association for business purposes of two or more individuals; and(3) "financial organization" means any savings and loan association, building and loan association, credit union, or investment company engaged in business in the United States.Pub. L. 93-495, title VI, §602, Oct. 28, 1974, 88 Stat. 1525. - credit
- The term "credit" means the right granted by a person to a consumer to defer payment of a debt, incur debt and defer its payment, or purchase property or services and defer payment for such purchase.