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The document is a Corporate Charge Account Application for Chloride Solutions, LLC, detailing the necessary billing and shipping information required from businesses seeking credit. It includes sections for corporate or partnership details, a credit policy statement outlining terms of credit, payment obligations, and consequences of default. Additionally, it requires personal guarantees from individuals associated with the business and references for trade and banking. The document emphasizes compliance with the Federal Equal Opportunity Act regarding non-discrimination in credit applications.

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2017	4.8 Satisfied (40 Votes)

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What is a charge account for a business?

charge account | Business English an account which allows you to buy and take away goods, and use services, and pay for them later: This charge account is ideal for managing employees expenses. (Definition of charge account from the Cambridge Business English Dictionary Cambridge University Press)

What is the difference between a charge account and a credit account?

A charge card is similar to a credit card. But a big difference is that a charge cards balance has to be paid in full each month. Charge cards typically dont have a preset credit limit like credit cards do. Instead, the card issuer might approve purchases based on financial patterns and habits.

Is a charge account the same as a credit card?

What is an example of a charge account?

When you go to a department store and use a credit card to buy clothes, you are using a charge account. You will receive a bill at the end of the month for the amount you owe.

What are the downsides of a charge card?

Many charge cards carry high annual fees, while many fee-free credit and debit cards are available. Charge cards are offered by a limited number of issuers, so there are typically far fewer to choose from than credit cards. As with credit cards, late payments can ding your credit history.

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What are the three types of charge accounts?

Revolving, open-end and installment are the three main types of credit accounts. Each type of credit account can impact credit differently. But when theyre managed responsibly, they can improve your credit scores. Credit cards are an example of revolving credit.

What are the benefits of a charge account?

Charge cards are also popular because of their travel-related rewards and benefits, oftentimes more generous than typical rewards credit cards. Cardholders can earn points and statement credits with their purchases, often with double and triple points on dining and travel expenses.

What is the difference between a charge and a credit?

This is how we refer to transactions on your billa charge is any amount being subtracted from your account to pay for billed costs; a credit is any amount being added to your account to cover billed costs.

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What is a charge account for a business?

What is the difference between a charge account and a credit account?

Is a charge account the same as a credit card?

What is an example of a charge account?

What are the downsides of a charge card?

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What are the three types of charge accounts?

What are the benefits of a charge account?

What is the difference between a charge and a credit?

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