Trade credit
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Trade credit is debt arising from credit sales and recorded as an account receivable by the seller and as an account payable by the buyer.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Trade credit. Debt arising from credit sales and recorded as an account receivable by the seller and as an account payable by the buyer.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
