Credit standard
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Credit standard is an evidence of the financial strength and creditworthiness that qualifies a customer for a firm's regular credit terms.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Credit standards. The financial strength and creditworthiness that qualifies a customer for a firm's regular credit terms.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
