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Home | Glossary of Terms Search 
Equifax commercial credit
Glossary of Credit Terms

We've compiled a glossary of terms common to the trade credit profession. It's always helpful to be able to look up a word or phrase you may not be familiar with.

Please note: We're just beginning this project so look for many more entries in coming days and weeks.

Glossary of Financial & Accounting Terms in Business Credit
Here is a glossary of financial and accounting terms used in the field of trade (business) credit. Accounting method: The technique used to report sales, expenses, and profits. Accounting m . . .  keep reading
Glossary of International Trade Terms
Here is a glossary of international trade terms. Thanks to Credit Today's Credit and Collection Handbook for many of these entries. A . . .  keep reading
Glossary of Business and Credit Terms
Here is a glossary of both general and credit related business terms. Unless otherwise noted, these entries were taken from Credit Today's Credit and Collection Handbook. Absolute Priority: . . .  keep reading
Glossary of Legal Terms in Business Credit
Here is a glossary of terms and definitions from the legal side of business credit management. Absolute Priority: A provision of the bankruptcy code that senior creditors must be paid in fu . . .  keep reading
Glossary of Terms to Help You Understand "Check 21"
Here is a glossary of terms to help you understand "Check 21." Check truncation - The act of stopping a check during the settlement process and from there on processing it electronica . . .  keep reading
Glossary of Credit Scoring Terms
Here are definitions related to credit scoring: Custom score - Statistical models are often described as a scorecard, a pooled scorecard, and a custom scorecard. A scorecard uses data fr . . .  keep reading
Glossary of Letters of Credit Terms
By Richard Macias and Jane Fennelly
Every credit professional is familiar generally with letters of credit as a written agreement from a bank to pay specified invoices upon presentation of certain supporting documentation, but what do a . . .  keep reading
Glossary of Terms in Electronic Document Technologies in the Credit/Cash Management Function
By Jeffrey L. Haller
The following are commonly used acronyms, terms and jargon used by the imaging and document management industry that you may find helpful in discussing and/or evaluating these technologies for your or . . .  keep reading
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