What is the term for the issue of money, goods, or services to an individual or entity with the expectation of future payments?

The term that refers to the issue of money, goods, or services to an individual or entity with the expectation of future payments is credit. Credit represents an arrangement where a lender provides resources to a borrower with the agreement that the resources will be repaid, typically with interest, at a later date. This could involve loans, credit cards, or other financial products that allow people to purchase goods or services now while deferring payment to a future date. The concept of credit revolves around trust and the relationship between the lender and borrower, as the lender expects the borrower to repay the amount over time.

In contrast, a loan specifically refers to a sum of money lent at interest, which is a subset of credit. A grant involves giving money or resources without the expectation of repayment, and insurance involves a contractual arrangement where one party provides protection against specified risks in exchange for premium payments, rather than an expectation of a loan repayment.