Examlex
Match each definition with the correct word part.
-A-
Credit Card
A payment card issued to users as a method of payment allowing the cardholder to borrow funds, typically at point of sale, under the condition of paying back the borrowed money plus interest.
Inventory Period
The average time it takes for a company's inventory to be sold and replaced.
Cash Cycle
The duration of time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
Credit Sales
Transactions where goods or services are sold by a company with payment to be received at a later date.
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