Managing Credit: Is Your Credit Policy Profitable?
- Topics:
- Credit and collection
- Tags:
- Credit Guru,
- Finance,
- Financial Accounting,
- Investment
- Source:
- Credit Guru
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Overview: Credit is an indispensable catalyst in financing the movement of commerce. Its roots go fairly deep in time and are definitely as old as the concept of trade itself. As early as 1300 BC the Babylonians were lending on the basis of getting a charge on security or collateral. Credit touches us in various ways. To some it could be a mere caress or a tickle, to others it could be a brush, to some a graze and for others a crash or a collision. Credit helps in production, distribution, selling, consumption and expansion. It helps to smooth the rough curve of seasonality of a seasonal business.
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Format: HTML | Date: Jan 2009 | Pages: 3
