Credit and the Credit Man |
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Common terms and phrases
able accounts receivable amount assets attorney bank banker bankrupt bankruptcy bills business ability buyer capital cash discount cent cial claims collection commercial agencies commercial paper condition consideration considered course credit department credit information credit man's credit men credit risk credit terms credit title credit transactions credit-giver credit-seeker creditors customer's dealer debtor debts delinquency demand draft fact facturer failure favor filed fixtures frequently furnished gold H. J. Heinz Company hand inquiry insolvent jobbers liabilities manu manufacturer matter means medium of exchange ment mercantile agency merchandise merchant mortgage necessary ness obtain paid payable payment person possession present profit promissory note prompt promptly property statement purchases purpose real estate regard retail saler salesman seller selling signed statement sold thru tion trade usually wholesale Yokohama
Popular passages
Page 227 - insolvent" who either has ceased to pay his debts in the ordinary course of business or cannot pay his debts as they become due or is insolvent within the meaning of the federal bankruptcy law. 24. "Money" means a medium of exchange authorized or adopted by a domestic or foreign government as a part of its currency. 25. A person has "notice
Page 250 - A person shall be deemed to have given a preference if, being insolvent, he has procured or suffered a judgment to be entered against himself in favor of any person, or made a transfer of- any of his property, and the effect of the enforcement of such judgment or transfer will be to enable any one of his creditors to obtain a greater percentage of his debt than any other of such...
Page 248 - Proof of claims shall consist of a statement under oath, in writing, signed by a creditor setting forth the claim, the consideration therefor, and whether any, and, if so what, securities are held therefor, and whether any, and, if so what, payments have been made thereon, and that the sum claimed is justly owing from the bankrupt to the creditor.
Page 250 - ... transfer will be to enable any one of his creditors to obtain a greater percentage of his debt than any other of such creditors of the same class.
Page 9 - Credit is the vital air of the system of modern commerce. It has done more, a thousand times, to enrich nations, than all the mines of all the world.
Page 250 - ... made a transfer of any of his property, and the effect of the enforcement of such judgment or transfer will be to enable any one of his creditors to obtain a greater percentage of his debt than any other of such creditors of the same class. Where the preference consists in a transfer, such period of four months shall not expire until four months after the date of the recording or registering of the transfer, if by law such recording or registering is required.
Page 79 - A merchant who desires to serve his own best interests should recognize that his most valuable possession, apart from his actual assets, is a sound, substantial and unquestioned reputation as a credit risk, and that, under the prevailing conditions and demands of business, the most effective, and eminently the best way to prove his basis for credit, is to be willing to submit a statement of his financial condition.
Page 81 - The above statement, both printed and written, has been carefully read by the undersigned, and is a full and correct statement of my or our financial condition as of 190.... Finn signature By whom signed a member of the firm. All questions must be answered, insert ciphers in absence of any amount. When the words "Yes," "No" or "None* will correctly answer the questions, write them in their proper places.
Page 259 - If it calls a meeting of its creditors for the purpose of compounding with them ; (c) If it exhibits a statement showing its inability to meet its liabilities...
Page 9 - It has excited labor, stimulated manufactures, pushed commerce over every sea, and brought every nation, every kingdom, and every small tribe, among the races of men, to be known to all the rest.