Short-Term Financing
Definition of Short-Term Finance:Short-term credit is defined as any liability orginallly scheduled for payment within one year.- J. Fred Weston & Engene F. Brigham
Funds available for a period one year or less is called short-term finance.
- I. M. Pandey
Meaning &Definition of Trade Credit:
Trade credit refers to the credit that a customer gets from suppliers of goods in the normal course of business.- I. M. Pandey
Trade credit is an interim debt arising from credit sales and recorded as an accounts receivable by the seller and as an accounts payable by the buyers.
- J. F. Weston & E. F. Brigham
Revolving Credit:
Revolving credit agreement is formal legal commitment to extend credit up to some maximum amount over a stated period of time.- Van Horn & Wachowicz
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