Tooltip Categories: Economics & Finance

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:

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credit reporting agency

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)

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credit risk

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 )

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credit risk management committee

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

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credit scorecard

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

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credit side

In the double-entry bookkeeping system, credit is the right side of a ledger account. (source: http://en.wikipedia.org/wiki/Debits_and_credits)

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credit sqeeze

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.

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credit union

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

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credit entry

An accounting entry acknowledging income or capital items. (source: thefreedictionary.com )

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credit card terminal

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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