Examlex
Most states recognize four major types of maltreatment:
Pledging Receivables
Pledging receivables involves using the money owed to a company by its customers as collateral for a loan.
Effective Cost
Effective cost refers to the total cost of a financing option when all charges, fees, and interest payments are taken into account.
Annual Rate
The interest rate for a period of one year, often used to compare the yields of different investment and financing options.
ABC System
A system of controlling inventory that recognizes the differing cost and importance of various items. A parts are expensive and/or important and are controlled carefully. C parts are cheap and plentiful, so little effort is expended to monitor them. B parts are between As and Cs.
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