0

Definition of Short-Term Finance:
Short-term credit is defined as any liability orginallly scheduled for payment within one year.
- J. Fred Weston & Engene F. Brigham

Funds available for a period one year or less is called short-term finance.
- I. M. Pandey


Meaning &Definition of Trade Credit:
Trade credit refers to the credit that a customer gets from suppliers of goods in the normal course of business.
- I. M. Pandey

Trade credit is an interim debt arising from credit sales and recorded as an accounts receivable by the seller and as an accounts payable by the buyers.
- J. F. Weston & E. F. Brigham

Revolving Credit:
Revolving credit agreement is formal legal commitment to extend credit up to some maximum amount over a stated period of time.
- Van Horn & Wachowicz

Write Better, Get Published, Be Creative

Online Publication Opportunities for Young Writers

Digital Study Center is seeking submissions of poetry, short stories, and unique articles for publishing online to our website.

Young writers, author, and teachers are most welcome to Submit Your Writing for Publishing Assistance.


Post a Comment Blogger

 
Top