The Gambia (i/ˈɡæmbiə/, officially the Republic of the Gambia and often called simply Gambia) is a country in West Africa mostly surrounded by Senegal with a short strip of its coastline bordered with the Atlantic Ocean at its western end. It is the smallest country on mainland Africa.
The Gambia is situated on either side of the Gambia River, the nation's namesake, which flows through the centre of the Gambia and empties into the Atlantic Ocean. Its area is 10,689 square kilometres (4,127sqmi) with a population of 1,882,450 at the 15 April 2013 Census (provisional). Banjul is the Gambian capital, and the largest cities are Serekunda and Brikama.
The Gambia shares historical roots with many other West African nations in the slave trade, which was the key factor in the placing and keeping of a colony on the Gambia River, first by the Portuguese, during which era it was A Gâmbia, and later, on 25 May 1765, the Gambia was made a part of the British colony when the government formally assumed control, establishing the Province of Senegambia. On 18 February 1965, the Gambia gained independence from the United Kingdom. Since gaining independence, the Gambia has had two leaders – Dawda Jawara, who ruled from 1970 until 1994, when the current leader Yahya Jammeh seized power in a coup as a young army officer.
The river is strongly associated with the Gambia, the smallest country in mainland Africa, which consists of little more than the downstream half of the river and its two banks.
From the Fouta Djallon, the river runs northwest into the Tambacounda Region of Senegal, where it flows through the Parc National du Niokolo Koba, then is joined by the Nieri Ko and Koulountou before entering the Gambia at Fatoto. At this point the river runs generally west, but in a meandering course with a number of oxbows, and about 100km from its mouth it gradually widens, to over 10km wide where it meets the sea.
In double entry bookkeeping, debits and credits (abbreviated Dr and Cr, respectively) are entries made in accountledgers to record changes in value resulting from business transactions. Generally speaking, the source account for the transaction is credited (that is, an entry is made on the right side of the account's ledger) and the destination account is debited (that is, an entry is made on the left side). Total debits must equal total credits for each transaction; individual transactions may require multiple debit and credit entries to record.
The difference between the total debits and total credits in a single account is the account's balance. If debits exceed credits, the account has a debit balance; if credits exceed debits, the account has a credit balance. For the company as a whole, the totals of debit balances and credit balances must be equal as shown in the trial balance report, otherwise an error has occurred.
Credit (from Latincredit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.
Credit does not necessarily require money. The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services. However, in modern societies, credit is usually denominated by a unit of account. Unlike money, credit itself cannot act as a unit of account.
Movements of financial capital are normally dependent on either credit or equity transfers. Credit is in turn dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds. Credit is also traded in financial markets. The purest form is the credit default swap market, which is essentially a traded market in credit insurance. A credit default swap represents the price at which two parties exchange this risk–the protection seller takes the risk of default of the credit in return for a payment, commonly denoted in basis points (one basis point is 1/100 of a percent) of the notional amount to be referenced, while the protection buyer pays this premium and in the case of default of the underlying (a loan, bond or other receivable), delivers this receivable to the protection seller and receives from the seller the par amount (that is, is made whole).