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3 Tutorials that teach Trade Credit and Promissory Notes
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Trade Credit and Promissory Notes

Trade Credit and Promissory Notes

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Author: Aisha Williams
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This lesson discusses some unsecured short term financing options for organizations.

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Tutorial

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

TERMS TO KNOW
  • 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.