elijiahm21
elijiahm21 elijiahm21
  • 23-09-2021
  • Business
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What is meant by the term "credit" policy?

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derylthomas
derylthomas derylthomas
  • 23-09-2021

Answer:

A credit policy contains guidelines that structure the amount of credit granted to customers, as well as how collections are to be conducted for delinquent accounts. ... It covers the normal payment terms that the company will allow to its customers, and the circumstances under which alternative terms are allowed

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