TRANSACTIONS SECURITY TOOLS IN ACCOUNT RECEIVABLES MANAGEMENT (Zabezpieczenie naleznosci jako element polityki kredytowe przedsiebiorstwa)

• Authors: Wodynska Anna
• Languages of publication: PL

Abstracts

EN

Large competition among goods and services suppliers caused that granting clients deferred term of payment became a standard, so in other word granting clients commercial credit is a standard. Companies try to limit credit risk by securing their trade transactions in accordance with their credit policy that determines in some way the choice of trade transaction security tools. This article presents a full range of trade transaction security tools according to the general division into personal and property securities. The author pays attention to the fact that while conducting a proper credit policy in relation to clients, a company has chances to monitor efficiently the receivables and insist on their payment as well as use, as needed, the earlier prepared trade transaction security tools. The author convinces that regardless of the choice of trade transaction security tools, or reasons leading the receivables managing person, the basic criterion of security evaluation shall be its real, checked and verified value. The pledge on an object that does not exist is not worth much. The same applies to security granted by an insolvent person.

Keywords

EN

CREDIT RISK; SECURITY TOOL; TRANSACTION

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wyższa Szkoła Finansów i Zarządzania w Warszawie
• Journal: Contemporary Economics
• Year: 2008
• Issue: 1(5)
• Pages: 11-24
• Document type: ARTICLE

Contributors

author

Wodynska Anna

• Anna Wodynska, Gornoslaska Wyzsza Szkola Handlowa, ul. Harcerzy Wrzesnia 3, 40-659 Katowice, Poland

Identifiers

CEJSH db identifier

11PLAAAA09248