Merchandise Credit
Merchandise credit plays an important role in trade and industry in this country. The many credit analysts working in this field must make careful and responsible decisions in their determination of who is worthy of credit. We shall develop many tests to be used in establishing sound credit evaluation and policy.
Definition of Credit
Credit is the power to obtain money, materials or services by promising to pay for them at some definite time in the future. In all credit transactions there are two important elements. The first is the element of future payment. Payment is not made at the date of the transaction, but is expected at some future date. The second element is that of confidence. The extender of credit has confidence that, if his/her credit policy has been sound and he/she has used good judgment in evaluating the credit risk, his/her customers will be in a position to pay when remittance is due.
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Design feature! Do I look like a car crash dummy?
A CAR yard has been caught out after trying to claim dents in a car were "design features" when the buyer returned the vehicle.
Wed, 22 Feb 2012 20:42:19 GMT -
Banks 'tricking customers into vicious cycle of debt'
BANKS are ramming credit cards down the throats of customers to add thousands more to their home loans, an insider claims.
Wed, 22 Feb 2012 20:10:39 GMT -
Millions of Aussies to get $1000, will you?
MOVES afoot to reunite millions of Australians with "forgotten money". Find out if you're one of the lucky ones.
Wed, 22 Feb 2012 04:23:40 GMT -
$1m home a sign of mining boom
IF IT sells, it will be the first million-dollar home in Queensland's central highlands town of Capella.
Tue, 21 Feb 2012 21:24:31 GMT -
We spend more on petrol than eating out
VICTORIAN drivers are pumping an average $1264 worth of petrol into their vehicles each year, far more than spent on entertainment.
Tue, 21 Feb 2012 20:58:14 GMT -
Court bungle hits de facto settlements
THREE years worth of property settlements and other orders handed down to de facto couples by the Family Court could be in doubt.
Tue, 21 Feb 2012 22:00:39 GMT -
Tell 'em they're screamin'
THE auctioneers are talking the price up, but will one of the world's most famous modern art pieces make $75 million?
Tue, 21 Feb 2012 21:44:38 GMT -
RBA minutes show no urgency to cut rates
THE Reserve Bank of Australia (RBA) appears to be in no hurry to cut the cash rate again, although it is clearly reserving that option.
Tue, 21 Feb 2012 00:57:21 GMT -
Man sells house for $1 million using Twitter
A TECH-savvy Melbourne homeowner has sold his house for more than $100,000 above the reserve using Twitter to advertise it.
Tue, 21 Feb 2012 00:26:59 GMT -
House stripped and burned but no payout
HOUSE wrecked after demolition company allegedly turned up to the wrong address - and that was just the start of the trouble.
Mon, 20 Feb 2012 21:59:07 GMT