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  5. He that sells upon Credit expects to lose 5 per Cent. By...

He that sells upon Credit expects to lose 5 per Cent. By bad Debts; therefore he charges, on all he sells upon Credit, an Advance that shall make up that Deficiency.

Benjamin Franklin
Credit, Debt, Deficiency
Benjamin Franklin (2006). “The Portable Benjamin Franklin”, p.173, Penguin
He that sells upon Credit expects to lose 5 per Cent. By bad Debts; therefore he charges, on all he sells upon Credit, an Advance that shall make up that Deficiency.