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Credit and Collection 2

The document discusses four types of credit: mercantile credit, retail credit, bank credit, and investment credit. Investment credit consists of long-term loans made to businesses to purchase property, plant, and equipment, with repayment terms based on the useful life of the assets.

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Jaimee Velchez
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707 views8 pages

Credit and Collection 2

The document discusses four types of credit: mercantile credit, retail credit, bank credit, and investment credit. Investment credit consists of long-term loans made to businesses to purchase property, plant, and equipment, with repayment terms based on the useful life of the assets.

Uploaded by

Jaimee Velchez
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Classes and Kinds of Credit

PROF. JUNNELL E. GUIA

Mercantile Credit

Retail Credit

Bank Credit

Investment Credit
It consists of advances that have been made to a business enterprise to enable it to purchase or construct the necessary plant and equipment.

Long-term obligations in the form of promise to pay at a future time in exchange for the money which is borrowed.

Maturity is determined by the life of the assets.

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