"This manual serves as an excellent introduction to the variety of business contexts in which credit risk can occur. It explains the different types of credit risk and proceeds to examine how such risk can be anticipated and managed.

All the methods by which credit risk can be controlled are examined in turn; starting with a description of the principles of credit management and proceeding to explain the principles of good lending, credit vetting, security, insurance and the overall management of the credit cycle." "The text also introduces topics such as factoring and invoice discounting, which are examined in greater depth in the other two books in this series."--BOOK JACKET.