Small Business Encyclopedia

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

Forms

Forms

Download and customize these free forms:

Partnership Agreement

Cashflow Worksheet

Employment Application

Calculators

Calculators

Evaluate and analyze your financials:

Cash Flow

Starting Costs

Discounted Cash Flow

Ads by Google

Latest Articles

Why Bundling Is the Future for Savvy Ecommerce Entrepreneurs
Make More Happen

Why Bundling Is the Future for Savvy Ecommerce Entrepreneurs

To be an effective bundler merchants must recognize the needs of customers and assume more responsibility.
Jay Lagarde
5 Reasons to Start Locally With Your Product Sales
Retail

5 Reasons to Start Locally With Your Product Sales

Starting out selling local can lead to big profits later.
Tim Linnet
What Buffer Can Teach Us About Customer Service
Customer Experience

What Buffer Can Teach Us About Customer Service

Now hiring: A Happiness Hero to be the extraordinary gatekeeper of my business.
Raubi Marie Perilli
How to Handle Audience Critique
Marketing Bootcamp

How to Handle Audience Critique

Real estate investors and Entrepreneur Network partners Chris Haddon and Jason Balin explain why you should embrace feedback on your content.
Entrepreneur Staff
How to Get a Great ROI on Your Influencer Marketing Plan
Marketing Bootcamp

How to Get a Great ROI on Your Influencer Marketing Plan

Trust, authenticity and word-of-mouth advertising are your best tools .
Murray Newlands
Tailoring Your Sales Pitch to Your Customer's Personality
Customer Experience

Tailoring Your Sales Pitch to Your Customer's Personality

Once you recognize and tailor your pitch to your customer's dominant type, among the four types, you'll see positive results.
Doug and Polly White
The Best Source of Funding You'll Ever Find
Ready To Launch

The Best Source of Funding You'll Ever Find

Looking for capital? It's closer than you think.
Vincent Bradley
Appeal to Millennials' Minds, Not to Their Hearts
Marketing Bootcamp

Appeal to Millennials' Minds, Not to Their Hearts

Want to reach younger consumers? Market to their mindset, which is equal parts optimism -- and stark realism about the future.
Chris Miller
The Biggest Hacks of 2016 -- So Far
Hacks

The Biggest Hacks of 2016 -- So Far

Check out these big names who got their handles hijacked, most of which was perpetrated by a single group.
Rose Leadem
Do Percentages Sell Better than Dollar Amounts?
Marketing Bootcamp

Do Percentages Sell Better than Dollar Amounts?

Consider the perceived value of your offer before you launch your next sale.
Craig Simpson
5 Reasons a Coworking Space Makes Sense for Startups
co-working spaces

5 Reasons a Coworking Space Makes Sense for Startups

Your entrepreneurial journey needn't be lonely.
Charles Clinton
A Female Founder's Tips for Fundraising
Female Entrepreneurs

A Female Founder's Tips for Fundraising

The odds may be stacked against you, but with some determination, you can get what you want.
Nancy MacIntyre
Keep It 100 Percent Real, and You Can Have It All
Marketing Bootcamp

Keep It 100 Percent Real, and You Can Have It All

How I scored speaking gigs, press and community by just being myself.
Andrew Medal
4 Life-Changing Lessons Learned Chatting on a Flight to Florida
Radicals & Visionaries

4 Life-Changing Lessons Learned Chatting on a Flight to Florida

A young entrepreneur struck up a conversation with an interested stranger, not knowing he had the attention of Subway co-founder Frank DeLuca.
Jason Weingarten
This Is What Happens When You Focus on Employees' Strengths
Employee Training

This Is What Happens When You Focus on Employees' Strengths

Employees are more engaged and motivated doing work that falls right into their wheelhouse.
Andre Lavoie
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.

Ads by Google