Quote#Wisdom
Credit means that a certain confidence is given, and a certain trust…
Quote byWalter Bagehot · 1826–1877
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: Lombard Street: A Description of the Money Market (1873), Ch. II, A General View of Lombard Street.
English (original)
Credit means that a certain confidence is given, and a certain trust reposed. Is that trust justified? and is that confidence wise? These are the cardinal questions. To put it more simply credit is a set of promises to pay; will those promises be kept?
— Walter Bagehot
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