Examlex
Match each definition with the correct word part.
-Salping/o
Banker's Acceptance
A short-term financial instrument issued by a company but guaranteed by a bank, commonly used in international trade.
Cash Discount
A reduction in the invoice price offered by a seller to encourage early payment by the buyer.
Accounts Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Credit Extension
Credit extension is the process by which a lender provides funds or permits a borrower to purchase goods or services now with the promise to pay in the future.
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