Examlex
Which of the following statements is an explanation, not an observation?
Receivables Financing
A form of financing where a company uses its outstanding invoices or receivables as collateral to secure a loan or advance.
Administrative Fee
Charges imposed by investment funds or companies to cover operational and management expenses.
Net Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity of the business.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.
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