Mercantile Agency (Noun)
Meaning
An organization that provides businesses with credit ratings of other firms; "Dun & Bradstreet is the largest mercantile agency in the United States".
Classification
Nouns denoting groupings of people or objects.
Examples
- The company relied on a mercantile agency to assess the creditworthiness of its potential business partners.
- Dun & Bradstreet is the largest mercantile agency in the United States, providing businesses with valuable credit information.
- Before extending credit to a new client, the firm always checked the company's rating with a reputable mercantile agency.
- The mercantile agency's report revealed some concerns about the company's financial stability, causing the bank to reconsider the loan.
- By subscribing to a mercantile agency, businesses can gain access to a vast database of credit ratings and risk assessments.