My Queue

Your Queue is empty

Click on the next to articles to add them to your Queue

Small Business Encyclopedia

Encyclopedia Search

Category: Credit And Collections

Credit Cards

Definition: A bank-issued card that allows people to purchase goods or services from a merchant on credit

Credit Policy

Definition: Guidelines that spell out how to decide which customers are sold on open account, the exact payment terms, the limits set on outstanding balances and how to deal with delinquent accounts

Credit, Extending

Definition: Offering your customers the option of paying for the products and services they purchase from you at a later date instead of upfront

Merchant Status

Definition: The relationship between a company and a bank or credit card company that allows the company to accept credit card payments from its customers

Free Business Tools

Latest Articles

Sales

The Art of Covert Selling as a Public Speaker

Five strategies you can use to sell your product without pushing for a sale.
Sales Strategies

To Be a Better Salesperson Be a Nicer Person

People buy from people they like, and nobody likes anybody who isn't nice.
Infographics

What Type of Side Hustle Should You Try? (Infographic)

A side gig is a great way to bring in some extra cash.
Franchisors

3 Core Strategies For Building Successful Franchise Organizations

How to attract potential franchisees to invest in your business.
Manufacturing

3 Trends Driving Modern Manufacturing Innovation

Imagine being able to make critical product decisions about material selection, scheduling and pricing, all in one place. That's what a "smart factory" can do for you.
Inspirational Quotes

9 Powerful Tony Robbins Quotes That Will Redefine Your Quest for Success

Check out the fire walker's words of wisdom to help you realize your potential, both in the office and throughout your life.
B2B Sales

How You Can Stay Human in a World of Digital Selling

By living the day-to-day life of your clients, you can glean insights that are impossible to see from your side of the aisle.
Team Work

5 Things Professionals Should Do to Reduce Their Screen-Related Risk of ADHD and Dementia

Both ailments seem related for some of us to the excessive amount of "screen time" we're subjecting our brains to.
worth-knowing

How This Entrepreneur Won a Trademark Battle Against the Trump Organization

His victory is a reminder to always do your homework and fight for what you think is right.
Charity

5 Ways Entrepreneurs Can Combine Profit and Purpose

How to help your business do good and well at the same time.
Money

6 Tips for Saving Money on Labor Costs

When it comes to your organization, labor costs can add up fast.
Social Media Marketing

Tai Lopez's 7 Steps to Start Your Own Marketing Agency

The social media master builds and scales multimillion-dollar businesses using these strategies.
More Articles

About Encyclopedia

No matter what business topic you're interested in, you'll find our category list is an easy way to navigate our small-business encyclopedia. From Accounting and Advertising to Location and Operations, every topic offers information on the terms that matter most. And if you can't find what you need here, our "Terms A - Z" list makes tracking down terms a snap.