1. credit granted by a bank to a business concern for commercial purposes familiarity information: commercial CREDIT used as a noun is very rare. Dictionary entry details
A business pays salaries with cash: You increase salary (expenses) by recording a debit transaction, and decrease cash (asset) by recording a credit transaction. The totals show the net effect on the accounting equation and the double-entry principle, where the transactions are balanced.
Definition of COMMERCIAL CREDIT INSURANCE: Insurance that covers an organization or manufacturing or service. It covers debtors defaulting. The Law Dictionary Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.
Commercial bank. Commercial banks offer a full range of retail banking products and services, such as checking and savings accounts, loans, credit cards, and lines of.
Credit definition is – reliance on the truth or reality of something. How to use credit in a sentence. Synonym Discussion of credit.. money or goods or services allowed to a person by a bank or business with the expectation of payment later. 4:.
Definition of credit: Accounting: An entry on the right-hand side of an account record in double entry bookkeeping. It has the effect of decreasing an asset or expense account, or of increasing a capital, liability, or.
In addition to increasing the number of rating definitions, some banks have initiated. consumer lending and the capital markets, commercial credit risk models.
Industrial Calculator COMMERCIAL & INDUSTRIAL generator sizing calculator. Cat Electric Power is excited to introduce you to our latest commercial and industrial generator set sizing software, Cat Electric Power SpecSizer. Considering factors such as site conditions, load characteristics, and required performance.Commercial Refinance How to Refinance a Commercial Mortgage | Chron.com – Refinancing a commercial mortgage follows many of the same principles as any other loan: be creditworthy and be able to show income to pay the loan. Refinancing a commercial mortgage might require.
Commercial cards is a generic name for cards issued for business use. Commercial cards include corporate cards, purchase cards, business cards , travel and entertainment cards. Terms from A-Z
Definition of commercial credit in the Definitions.net dictionary. Meaning of commercial credit. What does commercial credit mean? Information and translations of commercial credit in the most comprehensive dictionary definitions resource on the web.
Few things in life follow you as your credit report does. Your credit report is a financial snapshot that presents you to the business world. Other parties view it-generally with your permission-and.
Commercial letter of credit is commonly used to describe a letter of credit, however named or described, that is intended to serve as the means of payment for the provision of goods or services, typically against presentation of documents representing delivery.