What is Mutual Credit my Version

Mutual Credit is the core of LETS

I thought I would have go at a definition of Mutual Credit

Mutual Credit is where a group of people extend each other credit to buy things from each other
There is a ledger that shows who has credits and who has debits and there is no interest
No Money ever changes hands and people are encouraged to return their balance to zero.

DRAFT

Wikipedia says:

https://en.wikipedia.org/wiki/Mutual_credit

Matt says:

https://matslats.net/definition-mutual-credit