Definition of the term “credit system”

Abstract

The article examines the credit system. The purpose of the work is to construct a definition of the concept of "credit system". It is assumed that a fairly accurate definition of this concept can be obtained using the formal-logical method of defining the concept. Research methods: formal-logical method for defining a concept, critical analysis of the literature, grouping, generalization. Study results. First, it has been established that the economic system is a generic concept (universe), within which the credit system is conceived; secondly, the necessary and sufficient condition for classifying objects as a class of credit systems is justified – to be a subsystem of the economy, to have specific resources characterized by the properties of return, urgency and payment; thirdly, the definition of the desired concept is formulated. The credit system is a subsystem of the economy that has specific resources characterized by the properties of repayment, urgency and payment. Conclusions. The obtained results make it possible to logically correctly enter into the subject field its own full-fledged definition describing the object under study. The scope of the results. The constructed definition of the concept of "credit system" can serve as the basis for the subsequent disclosure of the content of the credit system.