Source: Image of long arrow, LCD monitor, images by Video Scribe, License held by Jeff Carroll; Image of contract, Public Domain, http://bit.ly/1o4lUug.
A loan of funds based solely on an agreement between two parties that one will pay the other; no physical items are offered as collateral on the loan.
The interest rate banks charge to their best commercial customers.
Credit which suppliers extend to their customers for a specific period of time, usually 30, 60 or 90 days.
An agreement to pay a specific amount of money at a certain time or under certain circumstances.