Credit Management
/ˈkrɛd.ɪt ˈmæn.ɪdʒ.mənt/
Definitions
- (n.) The process of granting credit, setting credit terms, recovering debts, and managing credit risk in legal and financial contexts.
Effective credit management helps reduce the risk of bad debts in commercial transactions.
Forms
- credit management
Related terms
See also
Commentary
Generally treated as a business and legal practice term focusing on contractual obligations and regulatory compliance related to credit.
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.