credit control
noun
ukus [ U ] ACCOUNTING, FINANCE (also credit management)
the system used by a business to make certain that it gives credit only to customers who are able to pay, and that customers pay on time:
In most cases it is better to improve your credit control than to give a discount to entice payment.
[ U ] BANKING, FINANCE
a process used by a bank to make certain it lends money only to people or businesses who are able to pay back their loans:
Mr Bond said the bank was seeking to learn the lessons of last year's losses by tightening up on credit control procedures.
[ C, usually plural ] ECONOMICS, GOVERNMENT
a set of actions used by a government to reduce the amount of money available for borrowing or spending:
The Labour Party pledged that, if elected, it would introduce credit controls as an alternative to high interest rates.