Business terms and jargon explained. Your business dictionary
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.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.