COMMERCIAL CREDIT - Credit that relates to or is connected with business or commerce; not consumer credit.
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They suspended all commercial credit to Castile, the fiscal heartland of Spain, and rejected the king's proposed terms. Although the immediate consequences were not fatal, the bankruptcy may be said to mark the beginning of Spanish decline.
"A letter of credit is a specialized form of commercial credit. It is an autonomous contract between an issuer, normally a bank, and the beneficiary, normally a supplier, customer with a possible warranty claim, or creditor of the bank's customer.
banks an unduly large proportion of the acceptances at any time in the market, while the bad habit of some banks in discounting their own acceptances deprived the paper of much of its economic virtue as a basis for dealing in commercial credit under ...
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