Source: Image of Cartoon Lightning, Public Domain, http://bit.ly/1kAz4xp, Image of Target, Public Domain, http://bit.ly/1kxHivg, Blackboard, Public Domain, http://bit.ly/1kN9fzi, Money, Public Domain, http://bit.ly/1obVQSg, Ice cream, Public Domain, http://bit.ly/1oc4H6s, Important, Public Domain, http://bit.ly/1iFeEcH
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.