3 Tutorials that teach Trade Credit and Promissory Notes
Take your pick:
Trade Credit and Promissory Notes

Trade Credit and Promissory Notes

Author: Jeff Carroll

This lesson discusses some unsecured short term financing options for organizations.

See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

27 Sophia partners guarantee credit transfer.

245 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 21 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Terms to Know
  • Prime Interest Rate

    The interest rate banks charge to their best commercial customers.

  • Promissory Note

    An agreement to pay a specific amount of money at a certain time or under certain circumstances.

  • Trade Credit

    Credit which suppliers extend to their customers for a specific period of time, usually 30, 60 or 90 days.

  • Unsecured financing

    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.