CREDIT MANAGER, a title used in business organization especially in the U.S.A. to denote the individual charged with re sponsibility for determining when and where credit will be ex tended and with supervision over the collection of outstanding accounts and notes receivable. He is usually responsible to the chief financial executive of the company and works in close co operation with the sales departments. In large organizations, the credit manager may direct a number of widely scattered credit men. In such cases, he lays down the credit policies and adjusts them to the varying requirements of the territorial subdivisions. He should receive from sales and collection departments detailed data regarding markets, risks and local economic changes affecting the business as a whole. The credit manager also depends to a considerable degree upon the exchange of information with other credit men. In the United States this is done through the National Association of Credit Men, which has for its major purposes the protection of credit, the establishment of a bureau for collection and adjustment and the maintenance of a credit exchange bureau. It furnishes credit information in the United States and foreign countries, and carries on a continuous programme of education and research. The organization also conducts courses in credit management and issues news letters and periodicals.