Extending credit
Description
Agreeing to payment for goods or services at a later time, or over an extended period.
Claim
The extension of credit is an integral part of commerce and aims to assist in developing markets for goods and services and to sustain them.
Counter-claim
Extending credit creates dependency upon the lender. In addition, credit servicing charges or interest may lead to permanent indebtedness or insolvency.
Broader
Value
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
- Commerce » Credit
Content quality
Yet to rate
Language
English
Last update
Dec 3, 2024