Transcribed text From Image:1. Credit ideas Aa Aa E Match the terms relating to the standard terminology and concepts of offering and also obtaining crmodify on the left with the descriptions of the terms on the appropriate. Read each summary very closely and also form the letter of the summary in the Answer column next to the correct term. These are not necessarily finish interpretations, however tbelow is only one possible answer for each term. Term Answer Description Seasonal dating A. Collection policy Credit standards B. C. The confront worth of the loan includes both the amount got and the calculated interest. Banks often require this to balance out loss if an owner or manager dies. If payment is not received by a specific date, many type of firms will certainly employ a collection agency to collect overdue accounts. Often, banks will certainly require the owners of a little business to authorize personally for the debt of the company. Cash discounts D. Loan assures E. Collateral F. G. This kind of discount induces customers to stock up early on, speeding up a firm"s sales and also conserving storage prices. An instance of this crmodify plan decision is "2/10, net 30." If the borrower cannot repay the loan, the lender deserve to liquiday certain assets. This is a loan in which the borrower prepays the interemainder. Key-perchild insurance D H. Discount interemainder loan I. Compensating balances Firms evaluate the likelihood of a customer being unable to pay on their account.
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Add-on interemainder D ). A borrower is required to organize a certain amount of money in an account at the lender"s institution.
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|Discount Interest Loan||H|
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