Business Credit

Business Credit is a magazine covering finance, business risk management and provides information for the extension of credit, maintenance of accounts receivable, and cash asset management. It is published 10 times per year by the National Association of Credit Management.Subjects for Business Credit include banking, finance and investments.

Articles from Vol. 95, No. 10, November-December

Avoiding Business Credit Reporting Pitfalls
While perfectly legal, the activities of business credit groups must be monitored continuously because they so readily lend themselves to legal challenge on antitrust or libel grounds. Some common reporting questions are: * Can a credit reporting...
Budget Bill Pays "Kevorkian" Call on Troubled Companies
The deficit reduction bill signed into law in August contains an obscure amendment to the Internal Revenue Code which may dramatically affect the reorganization of corporations under the bankruptcy laws. The provision repeals the so-called "stock-for-debt...
Budget Bill Pays 'Kevorkian' Call on Troubled Companies
The deficit reduction bill signed into law in August contains an obscure amendment to the Internal Revenue Code which may dramatically affect the reorganization of corporations under the bankruptcy laws. The provision repeals the so-called "stock-for-debt...
Calling Those Interested in Serving NACM
In accordance with the National Bylaws, the officers of this association are elected by the Board of Directors. Nominations for chairman-elect and four vice chairmen will be selected by a Nominating Committee consisting of the immediate past-chairman...
Dangerous Assumptions
Material suppliers and subcontractors who assume that all public construction projects are bonded may be in for a rude awakening. Likewise, those who extend credit on the basis of being told by their customer "not to worry, the project is bonded," may...
European Community: Will the Meeting Please Convene?
At-A-Glance: The European Community Central Bank dominates currency policy for Europe. The German Bundesbank stands to lose not only power but the deutsche mark if the new Central Bank takes over in 1999 as scheduled. However, by reacting slowly to...
European Community: Will the Meeting Please Convene?
They all finally said "yes," to the Maastricht Treaty including the one who controls European monetary policy. Germany finally approved Maastricht in October after a lengthy debate and court case against it. Powerful German central bankers at the Bundesbank...
Foreign Exchange Management: A Key Concern as Turbulence Hits European Currency Markets
Many of our readers involved in international business have asked us how the recent turbulence in the European currency markets will impact their company's ability to export products. Peter Wadkins, a senior vice president at MTB Bank in New York, discusses...
From Evolution to Revolution: The Changing Role of the Credit Manager
cred-it man-ag-er ('kred-et 'man-ij-er) n. The title of the person responsible for managing a credit department. Based on company policy, he or she must decide to whom credit is to be extended, and how much. The credit manager, along with management,...
Growth and Healthy Change
We are pleased to announce a number of streamlined procedures and enhanced offerings within NACM National and the Credit Research Foundation (CRF) which will enable us to better serve not only both member groups but ultimately the credit and financial...
Growth and Healthy Change
We are pleased to announce a number of streamlined procedures and enhanced offerings within NACM National and the Credit Research Foundation (CRF) which will enable us to better serve not only both member groups but ultimately the credit and financial...
Increased Sales Can Be Mixed Blessing If Caught Unprepared
Some would say that the two severe hail storms that hit the Orlando, Fla., area in March 1992 were "caused" by auto glass and roofing supply companies. Others, such as my boss, might think they were caused by divine intervention. But regardless, they...
Lien Master
Material suppliers, subcontractors, and general contractors for the improvement of real property are aware that mechanics liens are often the only recourse for protecting the assets of the company. By doing business in more than one state, the mechanic's...
Lien Master Conquers Mechanics Liens
Material suppliers, subcontractors, and general contractors for the improvement of real property are aware that mechanics liens are often the only recourse for protecting the assets of the company. By doing business in more than one state, the mechanic's...
Lockbox: Choosing an Effective System
An efficient corporate collection system is designed to mobilize funds from customers into the banking system as quickly and cost effectively as possible; provide access to accurate and timely information on cash flow and funds availability; and, update...
Managing Travel and Entertainment in the 1990s
Clearly, in an era of business restructuring, finance has to play a more active role in setting the course, so that the company is able to capitalize on all the changes that it is making. Some of those changes are directly affecting the corporate travel...
Panel Approves Momentous Bankruptcy Code Changes
The Senate Judiciary Subcommittee on Courts and Administrative Practice approved by voice vote S. 540, "the Bankruptcy Amendments Act of 1993." The legislation, which is sponsored by Senators Howell Heflin (D-Ala.), Charles Grassley (R-Iowa), and 10...
Personal Visits and the Three C's of Credit
The idea of visiting customers is controversial. Personal visits are often time-consuming and expensive, and unfortunately, sometimes considered threatening by customers and the sales department. But, they are vitally important to the credit department's...
Preference Defenses: The 'Ordinary Course of Business' Defen
In the June issue of Business Credit, I began a three-part series on bankruptcy preference defenses commonly available to trade creditors. A "preference" is a payment or a transfer made by a future bankruptcy debtor within 90 days, or in some cases,...
Preference Defenses: The "Ordinary Course of Business" Defense
In the June issue of Business Credit, I began a three-part series on bankruptcy preference defenses commonly available to trade creditors. A "preference" is a payment or a transfer made by a future bankruptcy debtor within 90 days, or in some cases,...
Security: It Can Be Done
Filing a financing statement to perfect a security interest can appear to be a daunting task. The fact is, a company can obtain security, most often with their products sold. The UCC1 can be filed correctly if internal steps are established to adhere...
Shifting to the Balance Sheet - FASB's Conceptual Framework
The Financial Accounting Standards Board (FASB) issued a series of Statements of Financial Accounting Concepts (Concepts Statements) between 1978 and 1985 that established a conceptual framework for financial accounting and reporting. The conceptual...
Shifting to the Balance Sheet - FASB's Conceptual Framework
The Financial Accounting Standards Board (FASB) issued a series of Statements of Financial Accounting Concepts (Concepts Statements) between 1978 and 1985 that established a conceptual framework for financial accounting and reporting. The conceptual...
Who's Keeping Score? A Credit Scoring Model for Commercial Loan Applications
At-A-Glance Different statistical techniques are employed to represent the decision process of commercial credit officers. These techniques are illustrated by an analysis of real data from a major Canadian bank. The process of modelling the variables...
Wills vs. Living Trusts: Tailor Them to Fit Your Life
Which is the better method of passing property to your intended beneficiaries--a will or a living trust? This question has fostered debate from coast to coast. The answer depends upon the particular situation. A primary reason for creating a living...
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