Also commonly referred to as a "commercial line of credit" or "business credit"
Commercial credit is often used by companies to help fund new business opportunities or to pay for unexpected charges. For example, imagine that XYZ Manufacturing Inc. has the chance to buy a piece of much needed machinery at a deep discount. Let's assume that the piece of equipment normally costs $250,000, but is being sold for $100,000 on a first-come, first-serve basis. In this example, XYZ Manufacturing could access its commercial credit agreement to get the required funds immediately. The firm would then pay the borrowed amount back at a later date.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
commercial credit — komercinis kreditas statusas Aprobuotas sritis žemės ūkio ekonomika ir vadyba apibrėžtis Teisės aktais ar tarpusavio sutartimi tam tikram laikotarpiui už patiektą žemės ūkio produkciją atidėtas apmokėjimas, už kurį pirkėjas moka pardavėjui… … Lithuanian dictionary (lietuvių žodynas)
commercial credit — credit issued by a bank to a business to finance trading or manufacturing operations. * * * … Universalium
commercial credit — noun credit granted by a bank to a business concern for commercial purposes • Hypernyms: ↑credit * * * noun : credit granted by a bank to a business concern to finance commercial transaction * * * credit issued by a bank to a business to finance… … Useful english dictionary
commercial credit — A letter of credit used to facilitate sales of goods (especially in international transactions) by insuring payment of the price to the seller beneficiary upon her compliance with the terms of the credit procured by the buyer customer … Black's law dictionary
commercial credit — financial loan provided by one financial institution to another; agreement by a supplier to extend a client s payment time … English contemporary dictionary
Commercial credit reporting — is the maintenance and reporting of credit histories and risks for commercial companies. While most people are familiar with consumer credit reports many are unaware that a similar reporting system exists to assess risk in extending loans to… … Wikipedia
commercial credit limit — pirkėjo kredito draudimo limitas statusas Aprobuotas sritis Ekonomika apibrėžtis Didžiausia eksporto kredito draudimo įmonės nustatyta pirkėjo skolų suma. atitikmenys: angl. buyer’s credit insurance limit; commercial credit limit ryšiai:… … Lithuanian dictionary (lietuvių žodynas)
commercial credit company — A US finance house that gives credit to businesses rather than individuals … Big dictionary of business and management
commercial credit company — Company which extends credit and finances dealers and manufacturers … Black's law dictionary
commercial credit company — noun a finance company that makes loans to manufacturers and wholesalers • Syn: ↑commercial finance company • Hypernyms: ↑finance company * * * noun : a finance company engaged in lending on or buying up accounts receivable or discounting… … Useful english dictionary