Plastic money or credit card finance, Finance Basics

Plastic Money or Credit Card Finance

This is finance of a kind whereby a company will make arrangements for the use of the services of credit card organizations via the purchase of credit cards in return for prompt settlement of bills on the card and a commission payable on all credit transactions. It is utilized to finance goods and services of working capital in behaviour like the payment of fuel, spaceports, medical and other universal provisions and it is rare for it to finance raw materials or capital items.

Posted Date: 1/29/2013 5:09:53 AM | Location : United States

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