Credit averse


 

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Credit averse

When a borrower has a poor credit history, has previously been declared bankrupt or has outstanding County Court Judgements, they are often described as credit averse. People with averse credit ratings often have to pay higher interest rates on a mortgage. 



Credit averse

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The conditions under which credit will be extended to a customer. The components of credit terms are: cash discount, credit period, net period.


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Credit one firm grants to another firm for the purchase of goods or services.


Sight Letter of Credit

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A letter of credit made payable to a beneficiary upon presentation to the opener of conforming documents.


Unified tax credit

Unified tax credit

A federal tax credit which may be deducted from estate tax and gift tax liability.


Tax credit

Tax credit

A direct dollar-for-dollar reduction in tax allowed for expenses such as child care and R&D for building low-income housing. Compare tax deduction.


Further Suggestions

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Revolving credit agreement
Unified tax credit
Credit quality
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credit insurance
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creditors
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Transferable letter of credit
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credit rating
Comparative credit analysis
Consumer credit


 
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