Routledge Dictionary of Economics, Second Edition
1 Loans between non-financial firms, e.g. a wholesaler’s financing of a new retailer by allowing payment months after the delivery of supplies.
2 Credit offered by a firm to its customers.
In times of monetary stringency caused by a TIGHT MONETARY POLICY, trade credit often replaces bank credit.
This is the complete article, containing 49 words
(approx. 1 page at 300 words per page).
View More Summaries on Trade credit
