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Collections
The process of pursuing payments of debts owed by individuals or businesses, often managed by accounts receivable departments or collection agencies.
Noncash Financing
Activities that increase long-term liabilities or equity but do not involve the immediate receipt or payment of cash, such as issuing stock or converting debt to equity.
Retirement Of Debt
The process through which a company repays or otherwise settles its outstanding debts.
Note Payable
A written promise to pay a specified amount of money, often with interest, by a certain date.
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