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Credit Terms |
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Credit TermsThe conditions under which credit will be extended to a customer. The components of credit terms are: cash discount, credit period, net period.Credit Terms Similar MatchesCredit cardCredit cardAny card, plate or coupon book that may be used repeatedly to borrow money or buy goods and services on credit. Credit ratingCredit ratingA rating used by banks, insurance companies, mortgage companies and other financial institutions making loans which they use to judge an individual or company's credit worthiness.Depending on how many points the applicant gets when his/her personal details are run through the rating system, the financial institution will either accept or reject the risk.Financial institutions rely on highly computerised credit rating systems, and co-operate with each other in providing details of bad credit risks. Hence the concept of the 'black list'. Usance Letter of CreditUsance Letter of CreditA letter of credit payable at a determined future date after presentation of conforming documents. Credit balanceCredit balanceThe surplus in a cash account with a broker after purchases have been paid for, plus the extra cash from the sale of securities. Unified tax creditUnified tax creditA federal tax credit which may be deducted from estate tax and gift tax liability. Further SuggestionsComparative credit analysisExport credit Credit agencies National Credit Union Administration Commodity Credit Corporation Credit spread Credit Standards Credit quality Consumer Credit Protection Act of 1968 Unconfirmed Letter of Credit Transferable letter of credit Time Letter of Credit Equity Line Of Credit Creditor nation Tax credit Evergreen credit Credit bureau Best interests of creditors test Revolving credit agreement Credit Credit Rating Agencies Credit history Unified tax credit credit Credit union |
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