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In terms of finance the term trade credit refers to credit is given for a certain term that is agreed upon between the borrower and the lender. If the amount of payment due is not paid by the agreed upon term then the lender has the ability to sell the goods to pay back the debt.
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∙ 10y ago
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How do you get Trade credit?
what do you mean by liabilities
What does PX mean in finance?
In business terms, PX means price.
What does SLF mean in banking terms?
SLF = Syndicated and Leveraged Finance
What does DND credit terms mean?
Do not disclose.
What does financed mean?
Finance means the system of money , loans , or credit , investment.
What does TOFT mean with escorts?
terms of trade
What does TI'S mean in banking terms?
Trade Invoice
What does economic context mean?
Economic context relates to economy, business, trade, or finance.
What does it mean when you apply for credit and they do not approve it and what does derogatory credit on recently opened trade lines mean?
You are not being approved for credit is due to your possibly having other new credit (less than 12 mos. old) reporting delinquent (this is what is being referred to as "derogatory credit on recently opened trade lines); each "trade line" is a creditor that you owe money to be it credit card or installment loan.
What does cvc mean on a credit card?
In terms of a credit card it means Card Verification code hence CVC.
What terms mean related to money?
The word "fiscal" means related to money and finance.
What is some basic info on finance banks?
A credit score is the credit bureaus overall evaluation of your credit history. The higher the score, the more likely you are to be eligable for loans and credit cards. A poor credit rating could mean that you are at risk of defaulting on a loan, which could lead to high interest rates and/or the refusal of a loan. A finance bank can assist you obtaining your score and seeing if you qualify for a loan.
