credit policy

nouncandidate·updated May 12, 2026

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A company's policy on when its customers should pay for goods or services they have ordered a government's policy at a particular time on how easy or difficult it should be for people and businesses to borrow and how much it should cost. The government influences this through changes in interest rates.

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FFIEC IT Examination Handbook - Audit, April 20121 senseview framework →

§1: A company's policy on when its customers should pay for goods or services they have ordered a government's policy at a particular time on how easy or difficult it should be for people and businesses to borrow and how much it should cost. The government influences this through changes in interest rates.