commercial credit
1
4.1
- noun
- /kəˈmɜrʃəl ˈkrɛdɪt/
- Specialized
:
crédito comercial
- Securing commercial credit allows a business to invest in growth opportunities without immediate cash flow.
Examples
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The bank provides commercial credit to help businesses purchase new inventory.
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Sometimes, a deep dive into a commercial credit report can show small but critical problems that can be easily resolved.
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A while back, before I got into marketing, I worked in commercial credit.
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I work in the commercial credit industry, and I see things like this every day.
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Your commercial credit score typically starts the day you incorporate your company or officially get a tax identification number.
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8 steps to boost your business's commercial credit score.
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Just as personal credit reports sometimes contain erroneous information, so can commercial credit scores.
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A commercial credit score is between 1 and 100 and represents a percentage; a score of 90 means your credit risk is better than 90 percent of similar businesses.
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Those who work diligently to get and strengthen a commercial credit score put themselves in a better position to secure more credit, lower interest rates, and better loan terms.
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Many companies rely on commercial credit to finance their daily operations effectively.
Synonyms
24
3.1
A plan from a bank that lets you borrow up to a set amount
12
2.7
Money that a company borrows from a bank to start or grow
6
3.7
The largest amount a bank allows you to borrow when needed
1
3.4
An amount of money a bank gives a business that it must pay back with interest
Surface Forms
Morphology
The meaning 'credit extended to businesses for commercial purposes' is directly and predictably derived from combining 'commercial' (relating to trade/business) with 'credit' (a financial arrangement). This straightforward adjectival modification pattern is common in English and in many other languages, so a B1 learner who knows both constituents will readily infer the MWE's meaning.
Etymology
Commercial credit comes from a simple business picture: a shop owner lets a regular customer take goods now and pay later — that is credit, and because it is for shops or companies it is commercial. So commercial credit means money or the right 'to pay later' given to businesses to buy things or run their business.