TeachMeFinance.com - explain Mercantile agency
Mercantile agency -- Same as commercial 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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