Short-Term Financing

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

Digital STUDY Center

Digital Study Center offers an effective and amazing learning platform for keen learn students in the world. We identify the needs and demands of the keen learn students which is why we stand out unique in the crowd.

Post A Comment:


Dear readers,
Your feedback is always appreciated. We will reply to your queries within 24hrs. Before writing your comments, please read the following instructions attentively:

1. Please comments in English. We accept only English comments.

2. Please do not Spam. All spammed comments will be deleted as soon as pobile, after review.

3. Please do not Add Links with your comments as they will not be published.

4. If We can be of assistance, please do not hesitate to contact us.