The Mechanism of Commercial Credit

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Excerpt from The Mechanism of Commercial Credit: Terms of Sale and Trade AcceptancesThe reader will find in this book both a summary of credit practices in leading industries and an analysis of govern ing principles. The reason why need not invariably be difficult to understand, and it is a necessary complement to description of practice. Neither aspect can be neglected. Eifort has been made throughout to illustrate the princi ples by reference to the situation in typical industries.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.