AND COLLECTIONS BY RICHARD P. ETTINGER MEMBER OF THE NEW YORK BAR; ASSISTANT PROFESSOR OF FINANCE, AND DAVID E. GOLIEB CREDIT MANAGER, EINSTEIN-WOLFF CO.; CHAIRMAN, EDUCATIONAL HF5566 COPYRIGHT, 1917, BY All Rights Reserved First Edition, April, 1917 Second Edition, September, 1917 Econ. Dept. Econ. IA. Main Library CVT OBMV PREFACE This book has been prepared primarily to meet the demands of classes in Credits and Collections conducted by Universities and other educational institutions in co-operation with local credit men's associations. The need for a book of this kind has been brought to the attention of the authors, not only by their experiences in their own classes, but also by the annual reports of the Educational Committee of the National Association of Credit Men. The authors have attempted to set forth in proper detail the correct principles and practise of credit management, with special attention to mercantile credit. They have also discussed a number of practical credit problems, such as the analysis of financial statements, discounts, collections, adjustments, bankruptcy practise and credit insurance, with which the scientific credit grantor must be familiar. New York University RICHARD P. ETTINGER DAVID E. GOLIEB 421719 The Work of the Credit Man-Theory of Panics- What Is Credit?-Various Definitions of Credit- Nature of Credit-Uses and Advantages of Credit- General Acceptability and Limited Acceptability- Book Accounts-Promissory Notes-Bonds-Shares of Stock-Checks-Bank Drafts-Bills of Exchange- Mercantile, Personal, Banking, and Credit-Investment Credit-Forms of Investment Credit Sources of Investment Credit-Banking Credit -Bank Loans-Forms of Bank Loans-Notes Secured by Collateral-Loans through Note Brokers-The Eco- CLASSES OF CREDIT AND CREDIT MACHINERY (Continued) Personal Credit-Reasons for Careless Retail Credit Granting-The Proper Basis for Retail Credit Grant- ing-Mercantile Credit-Terms of Credit-Discounts --Commercial versus Banking Discounts-Cash, C.O.D. PAGE |