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Sales processes need supporting practices such as credit checks and stock authorization.
Service Revenue
Income earned by a company for the services it provides to its customers.
Cash
The most liquid asset, representing currency or its equivalent that can be accessed immediately or near-immediately.
Interest-Bearing Note
A debt instrument where the borrower pays the lender interest over the life of the note, in addition to repaying the principal amount.
Long-Term Debt
Borrowings of a business that are due for repayment more than one year in the future.
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