Credit financing: Method of acquiring more customers

Written by Admin on June 27, 2008 – 2:26 pm

Credit is the provision of resources (such as granting a loan) by one party to another, where the second party does not reimburse the first one immediately, thereby generating a debt. The first party is called a creditor, also known as a lender, while the second party is called a debtor, also known as a borrower. This is the way most dealers transact to acquire more customers.

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