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What is the real difference between trade credit and CASH credit?

April 26, 2017cash credit Trade

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What is the real difference between trade credit and CASH credit?

1 Answer

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10 Posted

Trade credit can only be used for purchasing goods from the issuer’s location. For example, a Staples card can only be used at any Staples location. This type of credit has its limitations. Most, if not all trade credit is restricted to material goods and cannot be used to obtain CASH. In other words, it is only good for purchasing supplies.