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Short-Term Financing
Describes borrowing options available for fulfilling immediate financial needs for a period of less than one year.
Accounts Payable
Accounts payable represents the amount a company owes to its suppliers or creditors for goods or services received but not yet paid for.
Commercial Paper
Very short-term debt issued by major companies.
Revolving Credit Agreement
A formal, binding agreement with a bank as to the maximum amount a firm can borrow during a period of time. Interest is paid on the amount borrowed and a commitment fee is paid on the unused balance.
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