One of the best ways to establish a good credit rating for your business is to open corporate credit lines with your vendors. Most new vendor transactions require point-of-sale payment or payment on ...

Import and export companies use letters of credit as a safe form of payment when goods are sold between countries. With a regular letter of credit, the seller can request and receive payment ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...