crossed cheque
Cheque that can only be deposited directly into an account with a bank and cannot be immediately cashed by a bank over the counter. (source:
Cheque that can only be deposited directly into an account with a bank and cannot be immediately cashed by a bank over the counter. (source:
Firm that collects, stores, analyzes, summarizes, and sells credit related information on persons and firms for a fee. (source: http://www.businessdictionary.com/definition/credit-reporting-agency.html#ixzz26BkGpfI7)
The risk that a borrower will default on any type of debt by failing to make payments which it is obligated to do.(source: wikipedia.org )
The purpose of the credit risk management committee is to address issues relating to credit policy and procedures. These policies and procedures should encompass clear
The traditional form of a credit scoring model is a scorecard. This is a table that contains a number of questions that an applicant is
In the double-entry bookkeeping system, credit is the right side of a ledger account. (source: http://en.wikipedia.org/wiki/Debits_and_credits)
Significant reduction in the supply of credit by banks due to the increase of the default rate and the lack of trust in theirs clients.
Cooperative financial institution that makes low-interest personal loans to its members. It is usually composed of persons from the same occupational group or the same
An accounting entry acknowledging income or capital items. (source: thefreedictionary.com )
A Credit Card Terminal, also called an Electronic Data Capture Terminal or EDC Terminal for short, is an electronic device that enables merchants to accept
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