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Constraints

NOT NULL CONSTRAINT -    Ensures that a column cannot have a null value. DEFAULT CONSTRAINT -    Provides a default value for a column when none is specified  UNIQUE CONSTRAINT -   Ensures that all values in columns are different  CHECK CONSTRAINT -   Makes sure that all values in a column satisfy certain criteria  PRIMARY KEY CONSTRAINT -   Used to uniquely identify a row in the table  FOREIGN KEY CONSTRAINT -   Used to ensure referential integrity of the data  Primary Key - is used uniquely to identify each row in a table . It can consist of one or more columns on a table . When Multiple columns are used on a table it is called composite key.  Foreign Key - Foreign key is a column or columns that references a column most often primary key of another table . The purpose of foreign key is to maintain referential integrity of the data. Pg admin  Data base - training - right click on training - ...
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Factoring and Consumer Credit

Factoring is Assigning the company called factor to collect Accounts receivable . The factor takes some commission to collect the Accounts receivable on their behalf. The factor pay 80 to 90% sum immediately.

The factor pays the balance sum ie 20% of the amount which includes finance cost and operating cost , to the client when the customer pays the obligation.

It is an agreement between 2 parties 

Factor is the agent 

Client is the seller 

Outright selling of trade debts by a firm to a third party .

We have to submit the copy of Invoice to factor 

Advance + selling of debtors 

Types -

1. Disclosed and undisclosed 

2. Domestic and Export

3. Advance and Maturity 

4. Recourse and non-Recourse 


Consumer Credit is extended by banks , retailers and other to enable consumers to purchase goods immediately  and pay off the cost over time with interest it is broadly divided into 2 classifications ; Instalment credit and revolving credit.

If Consumer Overall are willing to borrow and confident they can repay their debts on time , the economy gets a boost.


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