Business Credit
Business Credit
1. Any loan or line of credit to a company or an individual for business purposes as opposed to personal use.
2. A loan or line of credit that a company extends to another in order for the second company to buy goods and services, especially those necessary to conduct its operations. It is more commonly called trade credit.
2. A loan or line of credit that a company extends to another in order for the second company to buy goods and services, especially those necessary to conduct its operations. It is more commonly called trade credit.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved