Examlex
The wealth of the owners of a corporation is represented by
Factor Purchases
Transactions where a company outsources services or acquires assets, typically involving a third-party, or "factor," to facilitate business operations.
Receivables Collection
The process of managing and collecting payments from customers who have purchased goods or services on credit.
Trust Receipt
A document issued by a bank to a buyer who has obtained a loan to purchase goods, wherein the buyer agrees to hold the goods in trust for the bank until the loan is repaid.
Short-Term Financing
Funding obtained for a period typically less than a year, used to cover immediate financial needs of a business.
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