credit management

Definition

A function performed within a company to improve and control credit policies that will lead to increased revenues and lower risk including increasing collections, reducing credit costs, extending more credit to creditworthy customers, and developing competitive credit terms. Also called credit control.

Use credit management in a sentence

Our credit management style was really good and I was really happy with what we were doing and how were were doing it.

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My company has an excellent balance sheet because our CEO is very concerned about credit management and always makes sure we do not borrow more than we can afford.

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The task which is done by a firm to improve and maintain credit policies which will bring about increase in revenues and also is a credit controller is known as credit management

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