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What Term Do We Use for a Company Arranging Payments

question 93

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What term do we use for a company arranging payments to suppliers and distributors to provide needed services and materials in order to perform those processes the organization does not perform itself?

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Definitions:

Present Value

The value today of a future cash amount or series of payments, based on a particular rate of return.

Fair Value

The value received from selling an asset or the expense of transferring a liability in a regulated transaction among market players on the date of evaluation.

Sale of Receivables without Recourse

A financial transaction where a business sells its accounts receivable to a third party without the obligation to repay if the third party fails to collect the receivables.

Required Disclosure

Mandatory information that companies must provide in their financial statements to give a full and fair view of their financial performance and position.

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