Credit’ comes from the Latin ‘credere’, ‘to believe’, for credit is the belief that the money you’re borrowing will someday be returned, a belief that needs the future to function in.
What's the meaning of this quote?
Quote Meaning: This quote delves into the etymology of the word "credit" and highlights its connection to belief. It suggests that credit is based on the belief that borrowed money will be repaid in the future, and this belief is necessary for the concept of credit to function. It underscores the importance of trust and belief in financial transactions, and how credit relies on the belief in future repayment. It offers a unique perspective on the origin and significance of the concept of credit, linking it to the fundamental human trait of belief.
Who said the quote?
The quote “Credit' comes from the Latin 'credere', 'to believe', for credit is the belief that the money you're borrowing will someday be returned, a belief that needs the future to function in.” was said in the book Breakfast with Socrates (Summary) by Robert Rowland Smith. Robert Rowland Smith: A philosopher and author who explores the intersections of philosophy, literature, and everyday life.
* The editor of this interpretation made every effort to maintain information accuracy. This includes the source and any key ideas or meanings conveyed in it.
Chief Editor
Tal Gur is an author, founder, and impact-driven entrepreneur at heart. After trading his daily grind for a life of his own daring design, he spent a decade pursuing 100 major life goals around the globe. His journey and most recent book, The Art of Fully Living, has led him to found Elevate Society.
