About this document

Understanding Credit in the Philippines by Tim Magaling is a document available to read on EtoBox.

Credit involves obtaining a thing of value by promising to pay a definite sum of money at a future date. It creates obligations for the debtor to pay and rights for the creditor to collect payment. There are key elements of credit including obtaining a thing of value, a promise to pay a definite sum, and payment being due on demand or at a future date. Credit is evaluated based on the "Five C

Author

Tim Magaling

Language

EN