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Meaning of credit control

 

 

 

Credit control

 

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Business glossary

 

Meaning of term credit control :

 

Credit control is the process of control over payments coming into and going out of the firm. It is mainly concerned with the firm's creditors (people who the firm owes money to) and the firm's debtors (people who owe money to the firm). Tight credit control is important if a firm wants to avoid cash flow problems.

 

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Meaning of term credit control

 

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