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- Meaning of Trade Credit
- Definition of Trade Credit
- Explanation of Trade Credit
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Trade Credit
Trade Credit: When a purchaser purchases product from a seller in order to sell and pays the the product purchasing money by selling products is called trade credit.
Generally, trade credit means when producer, wholesaler and retailer purchase product in credit. Such short term credit is existed in business. That means it is one of the sources of short term business loan.
Note that when a purchaser buys product in credit in order to sell, it will be a trade credit. But if a consumer purchases product in credit in order to consume, such credit will not be considered as trade credit.
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