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

Latest Articles

It's OK to Have Questions When Starting a Business
Starting a Business

It's OK to Have Questions When Starting a Business

Starting a business can be scary, but don't let the questions and fears stop you.
Mike Kappel
Government Agencies and Hospitals Face Increasing Risk of IoT-Powered Cyberattacks
Internet of Things

Government Agencies and Hospitals Face Increasing Risk of IoT-Powered Cyberattacks

While there's hype surrounding the tremendous opportunity the IoT offers, there are still hazards that have yet to be properly addressed.
How to Revolutionize Your Small Business by Writing a Book
Small Businesses

How to Revolutionize Your Small Business by Writing a Book

Writing a business book offers opportunities to move you toward whatever your long-term goals are as well as growing market share.
Want a More Creative Team? Start by Taming Your Own Ego.
Leadership Skills

Want a More Creative Team? Start by Taming Your Own Ego.

Hyper-confident leaders often get the top job, but they don't bring out the best in everyone.
Michael Hollauf
10 Books Every Leader Should Read to Be Successful
Books

10 Books Every Leader Should Read to Be Successful

Reading is the only proven shortcut to success.
Deep Patel
5 Companies Innovating the Service Industry
Service Innovation

5 Companies Innovating the Service Industry

Learn why and how these businesses are innovating the service industry.
Dan Scalco
15 Science-Backed Memory Tips to Help You Succeed (Infographic)
Make More Happen

15 Science-Backed Memory Tips to Help You Succeed (Infographic)

Improving your memory is easier than you think.
Rose Leadem
The History of Online Gambling (Infographic)
Sports

The History of Online Gambling (Infographic)

How betting became a billion-dollar industry.
Jonathan Long
Why Some Startups Succeed (and Why Most Fail)
Make More Happen

Why Some Startups Succeed (and Why Most Fail)

There are a consistent set of factors that lead to startup success and failure
Patrick Henry,
The 5 Best Payroll Options for Small Businesses
Payments

The 5 Best Payroll Options for Small Businesses

It's far cheaper to pay for somebody to keep your payroll straight than it is to pay the IRS if you tangle it yourself.
Jared Hecht
Should I Work for a Big or Small Company?
business size

Should I Work for a Big or Small Company?

Know the typical traits for a big business and how they tend to contrast with the experience at a smaller operation.
5 Business Strategies To Boost Your First Quarter Sales
Sales

5 Business Strategies To Boost Your First Quarter Sales

Stop wasting money on ads that don't work and start using these tips to make more sales.
Kc Agu
The Surprising Artistic Beauty Still to Be Found in Muslim Countries
muslim

The Surprising Artistic Beauty Still to Be Found in Muslim Countries

These countries conjure mental images of violence and tragedy. But artistic entrepreneurship is still very much alive in those parts of the world.
Sherry Gray
5 Lessons in Entrepreneurship From Starbucks and Philz Coffee
Make More Happen

5 Lessons in Entrepreneurship From Starbucks and Philz Coffee

These two coffee brands found success by emphasizing customer experience and creating a genuine message.
Shayna Smilovitz
3 Strategies to Nail Before You Launch Your Social-Media Campaign
Social Media Marketing

3 Strategies to Nail Before You Launch Your Social-Media Campaign

Planning and metrics are key to any successful marketing effort, yet many entrepreneurs rush into the social conversation with little idea of what they hope to accomplish.
Susan Solovic
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.