TeachMeFinance.com - explain Commercial agency
Commercial agency -- Same as mercantile agency; a concern
which with the cooperation of merchants, manufacturers,
bankers and others ascertains, records and makes known to its
patrons or subscribers the financial standing, general business
reputation and credit ratings of individuals, firms and
corporations engaged in mercantile and industrial enterprises.
In addition it compiles reports on the state of trade and on
commercial and financial operations generally, including records
of failures, judgments, etc.
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