Examlex
Under current standards of the FASB, liabilities include
Automatic Financing
A preapproved loan where funds are automatically available when needed.
Factoring Receivables
A transaction in which a company trades its outstanding invoices to another entity at a lower value to quickly secure cash.
Customer Payment
The process through which customers complete transactions to pay for goods or services received from a business.
Exchange Rate
The value of one currency for the purpose of conversion to another. It indicates how much of one currency can be exchanged for another currency.
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