Credit Control
/ˈkrɛdɪt kənˌtroʊl/
Definitions
- (n.) Measures and policies enacted by financial institutions or governments to regulate the availability and cost of credit.
The central bank tightened credit control to curb inflation.
- (n.) Procedures used by a business to monitor and manage customers’ credit limits and payment terms.
The company improved its credit control to reduce bad debts.
Forms
- credit control
- credit controls
Related terms
See also
Commentary
Credit control encompasses both macroeconomic regulatory actions and micro-level business credit management; clarity in context helps distinguish between these meanings.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.