* Trade credit is credit extended by one trader to another when goods and services are bought/sold on credit. * It facilitates the purchase of supplies without making an immediate payment. * It is used by business organisations as a source of short-term financing and granted to those having reasonable standing and goodwill.

Trade Credit

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Trade Credit

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Trade credit is credit extended by one trader to another when goods and services are bought/sold on credit.
It facilitates the purchase of supplies without making an immediate payment.
It is used by business organisations as a source of short-term financing and granted to those having reasonable standing and goodwill.

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