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Credit Report

Definition: Report compiled and published by a credit bureau that summarizes information gathered from credit-granting firms and public records. In asset-based financing, a form which a borrower delivers periodiDefinition: cally to the lender detailing returns, allowances, credits, discounts, and other deductions affecting accounts receivable. These credit reports are designed to enable the lender to maintain effectiveDefinition: control and avoid excessive dilution of collateral values.

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