Back to Encyclopedia

Credit And Collections

Credit Cards

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

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
Read More

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
Read More

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
Read More

Popular Articles

News and Trends

How (and Why) to Make the Most of Business School

The unemployment rate for recent college graduates is higher than the general public's. Here's how to avoid joining that majority.
Conflict Management

The Right Way to Have Tough Conversations

Conflict can make or break your company. Here's what to do when the argument is unavoidable.
Cannabis

How Does The FDA's E-Cig Crackdown Impact The Cannabis Industry?

The FDA is going after anything seen as marketing to minors, and plenty of cannabis products could be caught in the crossfire.
Health and Wellness

Why You Should Start Your Day Like Jocko Willink

Make a dent in your daily to-dos by the time other people are just waking up.

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.