Bank creditThe maximum credit an individual may secure from his/her bank.
Creditor daysCreditor days
A ratio used to work out how many days on average it takes a company to pay its creditors. Calculated by dividing the trade creditors shown in its accounts by its sales, and then multiplying by 365.E.g. A company with creditors of £900,000 and sales of £12m, takes an average 27.37 days to pay its bills.Within reason, the higher the number the better, although if a company is very slow in paying its creditors (say 100 days plus) it is worth asking if this is because it has problems generating enough cash quickly enough to pay them.
Credit noteCredit note
A note, issued to a person or company when goods are returned by them, which cancels the original invoice. If the invoice has been settled before the goods are returned the credit note will then entitle the holder to alternative goods (or sometimes cash) to the original value.
Export credit insuranceExport credit insurance
A program to guarentee payment to exporting firms who extend export credits.
Evergreen creditEvergreen credit
Revolving credit without maturity.
Usance Letter of CreditUsance Letter of Credit
A letter of credit payable at a determined future date after presentation of conforming documents.
Further SuggestionsTransferable letter of credit
Letter of credit (LOC)
Revolving line of credit
bank giro credit
Demand line of credit
credit reference agency
Financial institution buyer credit policy
Credit linked security
Revocable letter of credit
Federal credit agencies
Unified tax credit
Generic credit spread
Best interests of creditors test
children's tax credit
Backup Line of Credit
Earned income credit
full faith and credit