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Results from the economic impact on business credit & A/R survey February 2009.(selected topic)

Business Credit

| May 01, 2009 | Callahan, Terry | COPYRIGHT 2009 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

The Credit Research Foundation (CRF) conducted its second survey of business-to-business credit professionals in North America from February 2 through February 27, 2009 to examine how the current economic downturn may be affecting credit organizations and business in general. At the close of the survey, 1,085 companies responded.

Credit = Confidence

American economist Joseph French Johnson said in 1893, while he was professor in the Wharton School of Commerce, that "Credit is the power to obtain goods or service by giving a promise to pay money (or goods) on demand or at a specified date in the future." Through that definition, we discover that credit is ...

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