Credit Management

Business, Legal & Accounting Glossary

Definition: Credit Management


Credit Management


Full Definition of Credit Management


A function performed within a company to improve and control credit policies that will lead to increased revenues and lower risk including increasing collections, reducing credit costs, extending more credit to creditworthy customers, and developing competitive credit terms. Also called credit control.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/credit-management/
Modern Language Association (MLA):
Credit Management. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/credit-management/.
Chicago Manual of Style (CMS):
Credit Management. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/credit-management/ (accessed: March 28, 2024).
American Psychological Association (APA):
Credit Management. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/credit-management/

Definition Sources


Definitions for Credit Management are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.