The National Association of Credit Management (NACM) is a non-profit organization based in Columbia, Maryland that promotes standards for the business-to-business credit profession, the trade association specializes in education for its membership, advancement of credit industry practices as well as what, which is the credit extended by one trader to another for the purchase of goods and services?
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National Association of Credit Management The National Association of Credit Management (NACM) is a non-profit organization based in Columbia, Maryland that promotes standards for the business-to-business credit profession. Founded in 1896, NACM has more than 15,000 members, primarily of credit and financial executives representing manufacturers, wholesalers, financial institutions, and service organizations. The trade association specializes in education for its membership, advancement of credit industry practices as well as business credit and accounts receivable management products and services.
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Trade credit Trade credit is the credit extended by one trader to another for the purchase of goods and services. Trade credit facilitates the purchase of supplies without immediate payment. Trade credit is commonly used by business organisations as a source of short-term financing. It is granted to those customers who have reasonable amount of financial standing and goodwill.
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Canadian Credit Union Association The Canadian Credit Union Association (CCUA; French: "Association canadienne des coopératives financières" ) is the national trade association for credit unions in Canada (outside of the province of Quebec). Founded in 1953, it rebranded to its current name in January 2016 to reflect its "evolving role as an association that is focused on growing a stronger... credit union industry."
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Trade promotion management Trade Promotion Management typically refers to one or more software applications that assist companies in managing their complex trade promotion activity.
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Pacific Marine Credit Union Pacific Marine Credit Union (PMCU) is a not-for-profit credit union that is chartered and regulated under the authority of the National Credit Union Administration (NCUA) of the U.S. federal government.
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Import license An import license is a document issued by a national government authorizing the importation of certain goods into its territory. Import licenses are considered to be non-tariff barriers to trade when used as a way to discriminate against another country's goods in order to protect a domestic industry from foreign competition.
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P2P asset management Peer-to-peer asset management is the practice of sharing investment strategies between unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other collective investment management vehicle.
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Credit Union Central of Manitoba Credit Union Central of Manitoba (CUCM) is the trade association and service provider for the province’s 41 autonomous credit unions and is governed by Manitoba’s "Credit Unions and Caisses Populaires Act". CUCM manages liquidity reserves, monitors credit granting procedures and provides trade services in areas such as corporate governance, government relations, representation and advocacy. CUCM also provides payment and settlement systems, banking, treasury, human resources, research, communications, marketing, planning, lending, product/service r & d, business consulting and legal services to credit unions.
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Credit Information Corporation The Credit Information Corporation (CIC) is a government-owned and controlled corporation providing credit information in the Philippines.
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Purchase-to-pay Purchase-to-pay, often abbreviated to P2P and also called "req to cheque", refers to the business processes that cover activities of requesting (requisitioning), purchasing, receiving, paying for and accounting for goods and services. Also commonly referred to as "procure-to-pay".
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Farm Credit Council The Farm Credit Council is the national trade association of the Farm Credit System, a U.S. network of borrower-owned cooperative lending institutions and service organizations. The Farm Credit Council represents the Farm Credit System in legislative and regulatory lobbying before the United States Congress government and state legislatures.
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Closed-end credit Closed-end credit is a type of credit that should be repaid in full amount by the end of the term, by a specified date. The repayment includes all the interests and financial charges agreed at the signing of the credit agreement. Closed-end credits include all kinds of mortgage lending and car loans.
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Credit tenant lease A credit tenant lease is a method of financing real estate. The landlord borrows money to finance the property and pledges as security the rents to be received from the tenant. Usually, the financing is structured as nonrecourse debt, and the lease is structured as a triple net lease.
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Revolving credit Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit. Credit cards are an example of revolving credit used by consumers. Corporate revolving credit facilities are typically used to provide liquidity for a company's day-to-day operations. They were first introduced by the Strawbridge and Clothier Department Store.
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Merchant bank A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from mediaeval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate and/or finance production and trade of commodities, hence the name "merchant". Few banks today restrict their activities to such a narrow scope.
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Music Business Association The Music Business Association (Music Biz) (originally established as the National Association of Recording Merchandisers) is a United States not-for-profit trade association based in Marlton, New Jersey that seeks to advance and promote music commerce, whether physical, digital, mobile, or more. Established as the National Association of Recording Merchandisers (NARM) in 1958, its membership includes music retailers, distributors, and others involved in the sale of music and related merchandise.
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Business to many Business-to-many or B2M is a marketing term that describes the individuals and groups of individuals in which a business makes contact and engages itself with. Unlike B2B firms that only engage themselves with other businesses or B2C firms that only contact consumers or the end users of the product, B2M firms do both. It is important to understand that just because an organization does B2M marketing, this does not mean that they target their products and services to everyone. B2M companies, like any other type of company, have a more specified target audience.
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Credit event A credit event occurs when a person or organization defaults on a significant transaction. He or she is unable to honor the terms of the contract entered, and the borrower’s ability to pay comes into question. Because the marketplace recognizes such events as related to one's credit worthiness, credit events can trigger specific protections provided by credit derivatives (e.g. credit default swap, credit default swap index, credit default swap index tranche).
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Foreign tax credit A foreign tax credit (FTC) is generally offered by income tax systems that tax residents on worldwide income, to mitigate the potential for double taxation. The credit may also be granted in those systems taxing residents on income that may have been taxed in another jurisdiction. The credit generally applies only to taxes of a nature similar to the tax being reduced by the credit (taxes based on income) and is often limited to the amount of tax attributable to foreign source income. The limitation may be computed by country, class of income, overall, and/or another manner.
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LendingTree LendingTree is an online lending exchange that connects consumers with multiple lenders, banks, and credit partners who compete for business. LendingTree is not a direct supplier of loans; it is instead a broker. Since being founded in 1998 LendingTree has facilitated more than 32 million loan requests . It is headquartered in Charlotte, North Carolina.
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Non-bank financial institution A non-bank financial institution (NBFI) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFIs facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. Examples of these include insurance firms, pawn shops, cashier's check issuers, check cashing locations, payday lending, currency exchanges, and microloan organizations. Alan Greenspan has identified the role of NBFIs in strengthening an economy, as they provide "multiple alternatives to transform an economy's savings into capital investment [which] act as backup facilities should the primary form of intermediation fail."
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Commercial credit reporting Commercial credit reporting is the maintenance and reporting of credit histories and risks for commercial companies.