Question: The National Association of Credit Management (NACM) is a non-profit organization based in Columbia, Maryland that promotes standards for the business-to-business credit profession, the trade association specializes in education for its membership, advancement of credit industry practices as well as what, which is the credit extended by one trader to another for the purchase of goods and services?

 Trade credit facilitates the purchase of supplies without immediate payment.  Trade credit is commonly used by business organisations as a source of short-term financing.  It is granted to those customers who have reasonable amount of financial standing and goodwill. Trade credit is the credit extended by one trader to another for the purchase of goods and services. <SEP> The National Association of Credit Management (NACM) is a non-profit organization based in Columbia, Maryland that promotes standards for the business-to-business credit profession.  Founded in 1896, NACM has more than 15,000 members, primarily of credit and financial executives representing manufacturers, wholesalers, financial institutions, and service organizations.  The trade association specializes in education for its membership, advancement of credit industry practices as well as business credit and accounts receivable management products and services. <SEP> Credit union service organizations (CUSOs) are corporate entities owned by federally chartered or federally insured, state chartered credit unions.  Under United States federal law and the National Credit Union Administration regulations Part 712, federal credit unions may make an investment in or a loan to a CUSO.  Aggregate investments in CUSOs by federal credit unions may not exceed 1% of paid in and unimpaired capital, and aggregate loans to CUSOs may not exceed 1% of paid in and unimpaired capital.  (State chartered credit unions will follow state law and in some instances these limitations may be different.)  Every CUSO must be subject to a legal opinion to ensure the proposed structure is permissible and does not engage in unauthorized activities, and to ensure that potential liabilities are limited to the funds invested or loaned to it.  Furthermore, every CUSO must explicitly allow the National Credit Union Administration the right to review its books and records, which must be maintained according to GAAP.  One of the top affiliations of CUSOs is the National Association of Credit Union Service Organizations.  NACUSO (www.nacuso.org) is a membership based advocacy organization that provide members a shared collaborative platform to work together on innovation and improving the success of CUSOs and their credit unions. <SEP> The National Association for Chiropractic Medicine (NACM) was a minority chiropractic association founded in 1984 that described itself as a "consumer advocacy association of chiropractors".  It openly rejected some of the more controversial aspects of chiropractic, including a basic concept of chiropractic, vertebral subluxations as the cause of all diseases.  It also sought to "reform the chiropractic profession away from a philosophical scope of practice and towards an applied science scope of practice."  It stated that it was "dedicated to bringing the scientific based practice of chiropractic into mainstream medicine" and that its members "confine their scope of practice to scientific parameters and seek to make legitimate the utilization of professional manipulative procedures in mainstream health care delivery."  "While the NACM is focused on furthering the profession, its primary focus is on the rights and safety of the consumers."  The NACM was the object of much controversy and criticism from the rest of the profession.  It quietly dropped out of sight and its demise apparently occurred sometime between May 30, 2008 and March 6, 2010.