trade reference


A form of credit reference used to verify the ability of a company to meet its current obligations. Credit reporting agencies compile information of a company's business activities including supplier contacts, trade terms, credit balances, past due balances, and payment history that can be used as a credit reference by suppliers, vendors, and prospective business partners.

Use trade reference in a sentence

I used them as a trade reference and I thought that would make things more stable for us moving forward with our company.

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My trade reference was substantial, I was able to gather the proper information to make a legit offer to maintain my position.

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Sally executed a trade reference for the large law firm that needed a business loan in order to buy a larger facility to meet the demands of its expanding clientele.

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