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

Trade Credit and Promissory Notes

Author: Aisha Williams

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

See More
Introduction to Psychology

Analyze this:
Our Intro to Psych Course is only $329.

Sophia college courses cost up to 80% less than traditional courses*. Start a free trial now.


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

  • 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.

  • Prime Interest Rate

    The interest rate banks charge to their best commercial customers.

  • Trade Credit

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

  • Promissory Note

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