Business Terms and Jargon Explained

What is Credit

Credit is where goods or services are proved before payment is required. E.g. you buy a book for 30 on 1.1.2005 and they give you 30-day credit. This means that they will send you the book now and you do not need to pay until the dead line 30 days latter 30.1.2005.

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Peripheral Patch Trade Debtors
Warrant of commitment Personal Rights BACS
Keiretsu Recorder Market share
Fixer Copyright Tribunal Open Economy
Carriage cost Mutual Linking Agreement House Organ
Direct Debit Guaranteeing Associations Chargeable Value
Ratio decidendi Directors Guarantee Letter Crown copyright
Ipsissima verba Will Faucet
Invoice Non est factum Portfolio Diversification
Nominee Pro tanto Procureur
Domain name sales agreement Payroll Deregistration
Backdoor N379 Civil Court form Free Circulation
End Use EBITDA Annuitant

Term created / updated 2005-07-16 23:12:15

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