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What is liberal credit policy?

Updated: 9/17/2023
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7y ago

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A liberal credit policy implies your organization stretches out great terms to purchasers who make buys on records or through transient financing. Offering rebates for early installments or permitting extensive reimbursement periods with no punishment are cases of liberal credit terms. Having a liberal policy may draw in new customers and more business, however it can likewise affect your income.

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Related questions

What are the risk-return tradeoffs associated with a more liberal credit policy?

A liberal credit policy may attract people who don't have enough money to make their payments. With a liberal credit policy, a business will have to have a strict collection department.


What is a liberal credit policy?

A liberal credit policy means a company extends positive terms to buyers. They sometimes offer discounts for early payments or allow longer repayment periods with no penalty.


Collins office supplies is considering a more liberal credit policy?

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What is liberal credit?

A liberal credit policy implies your organization stretches out great terms to purchasers who make buys on records or through transient financing. Offering rebates for early installments or permitting extensive reimbursement periods with no punishment are cases of liberal credit terms. Having a liberal policy may draw in new customers and more business, however it can likewise affect your income.


What is the meaning of liberal credit policy?

When a business offers favorable terms to clients who make purchases through short-term financing, this is called a liberal credit policy. Sometimes it involves the business offering buyers discounts for making early payments or they allow them to have a longer period to pay without charging them a penalty.


Is Nixon's economic policy liberal or conservative?

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What is the optimum credit policy?

The Optimum Credit Policy is a policy that is applied if you have a near perfect credit rating. Most people strive for an Optimum Credit Policy.


What are three types of credit?

1 Liberal on credit/conservative(tight) on collections 2 Moderate on credit/moderate on collections 3 Conservative(tight) on credit/liberal on collections


What is the advantages and disadvantages of credit policy?

advantages of credit policy


What is the meaning of credit policy?

When a business offers favorable terms to clients who make purchases through short-term financing, this is called a liberal credit policy. Sometimes it involves the business offering buyers discounts for making early payments or they allow them to have a longer period to pay without charging them a penalty.


What is meant by Credit Policy?

Credit Policy refers to the written guidelines and protocols that related to credit. This will include the specific terms and conditions for any credit transactions.