Glossary
Short meanings for the words used on these pages, each taken from the article that defines it.
- Business creditIn this guide, "business credit" means the record of how a business pays its bills. It belongs to the business, not to the owner.
- EINAn EIN is a federal tax ID number for businesses, tax-exempt organizations and other entities.
- NAPNAP means name, address and phone. It is the three facts that say who your business is and how to reach it.
- Net-30 accountIn this guide, a net-30 account means you buy something and pay the bill within 30 days.
- Trade paymentA trade payment is what your business pays a vendor for something it bought.
- Trade referenceIn this guide, a trade reference is a vendor that your business pays, who can say how you pay.