ancillary credit business
- A business involved in credit brokerage, debt adjusting, debt counselling, debt collecting, or the operation of a credit-reference agency. Credit brokerage includes the effecting of introductions of individuals wishing to obtain credit to persons carrying on a consumer-credit business. Debt adjusting is the process by which a third party negotiates terms for the discharge of a debt due under consumer-credit agreements or consumer-hire agreements with the creditor or owner on behalf of the debtor or hirer. The latter may also pay a third party to take over an obligation to discharge a debt or to undertake any similar acitivity concerned with its liquidation. Debt counselling is the giving of advice (other than by the original creditor and certain others) to debtors or hirers about the liquidation of debts due under consumer-credit agreements or consumer-hire agreements. A credit-reference agency collects information concerning the financial standing of individuals and supplies this information to those seeking it. The Consumer Credit Act (1974) provided for the licensing of ancillary credit businesses and regulated their activities. The Consumer Credit Bill currently (2005) before Parliament extends the definition of such businesses to include debt administration.
Accounting dictionary. 2014.
Look at other dictionaries:
ancillary credit business — A business involved in credit brokerage, debt adjusting, debt counselling, debt collecting, or the operation of a credit reference agency (see commercial agency). • Credit brokerage includes the effecting of introductions of individuals wishing… … Big dictionary of business and management
credit rating — An assessment of the creditworthiness of an individual or a firm, i. e. the extent to which they can safely be granted credit. Traditionally, banks have provided confidential trade references (see banker s reference), but recently credit… … Big dictionary of business and management
credit brokerage — See ancillary credit business … Big dictionary of business and management
Ancillary revenue — Airline revenue from non ticket sources, which is called ancillary revenue, has become an important financial component for low cost carriers (LCCs) in Europe and is being adopted by all types of airlines throughout the world. Ancillary revenue… … Wikipedia
Business and Industry Review — ▪ 1999 Introduction Overview Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… … Universalium
Consumer Credit Act 1974 — United Kingdom Parliament Long title An Act to establish for the protection of consumers a new system, administered by the Director General of Fair Trading, of licensing and other control of traders concerned with the provision of credit, or the … Wikipedia
Child and Dependent Care Credit — Part of a series on Taxation Taxation in the United States … Wikipedia
АГЕНТСТВО ПО КРЕДИТНОЙ ИНФОРМАЦИИ — (credit reference agency) См.: вспомогательная кредитная деятельность (ancillary credit business); банковская справка (banker’s reference); коммерческое агентство (commercial agency); кредитный рейтинг (credit rating). Бизнес. Толковый словарь. М … Словарь бизнес-терминов
ВСПОМОГАТЕЛЬНАЯ КРЕДИТНАЯ ДЕЯТЕЛЬНОСТЬ — (ancillary credit business) Деятельность, связанная с кредитными брокерскими операциями, урегулированием долга, консультированием по задолженностям и взысканием долгов, или с агентством кредитной информации. Cм.: коммерческое агентство… … Словарь бизнес-терминов
КОММЕРЧЕСКОЕ АГЕНТСТВО (АГЕНТСТВО ПО ДОСЬЕ ЗАЕМЩИКОВ) — (commercial agency, credit reference agency) Организация, которая дает справки о выполнении обязательств по кредитам предприятиями и отдельными лицами. Эти агентства специализируются на проверке информации, касающейся должников, случаев банкротс … Словарь бизнес-терминов