COVENANT NOT TO COMPETE The agreement by the seller of a
business, not to enter into competition with the buyer of the business within a
specific area for a specific period of time.
CREDIT Time allowed for the payment of goods or
services sold on trust as well as confidence in the buyer's ability and
intention to fulfill their financial obligations.
CREDIT PERIOD Length of time allowed before the credit
buyer must pay for credit purchases.
CREDIT POLICY Actions taken by a business to grant,
monitor and collect the cash for outstanding accounts receivable.
CREDIT RATING A grade assigned to a business concern to
denote the net worth and credit standing to which the concern is entitled in
the opinion of the rating agency as a result of its investigation.
CURRENT ASSETS Money, inventory and equipment that will be
used up in the short term -usually within one year.
CURRENT RATIO The ratio of current assets to liabilities.
Also called "quick ratio."
CUSTOMER TARGETING Identifying and marketing to those groups of
customers most likely to buy a particular product or service, e.g., promoting
boat products to boat owners.
DATA ELEMENT The basic unit of identifiable and definable
information. A data element occupies the space provided by fields in a record
or blocks on a form. It has an identifying name and value or values for
expressing a specific fact. For example, a data element named "Color of
Eyes" could have recorded values of "Blue (a name)," "Bl
(an
abbreviation),"
"06 (a code)." similarly, a data element named "Age of
Employee" could have a recorded value of "28" (a numeric value).
DATA UNIVERSAL NUMBERING SYSTEM (DUNS) D&B's Data
Universal Numbering
System, the D&B
D-U-N-S Number, has become the standard for keeping track of the world's
businesses. The D&B D-U-N-S Number is D&B's distinctive nine-digit
identification sequence, which identifies information products and services
originating exclusively through D&B. The D&B D-U-N-S Number is an
internationally recognized common company identifier in EDI and global
electronic commerce transactions. The world's most influential
standards-setting organizations, more than 50 global, industry and trade associations,
and the U.S. Federal Government recognize, recommend and/or require the
D&B D-U-N-S
Number.
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