Short of Demanding Payments, What Sales Terms Could an Entrepreneur

question 47

Essay

Short of demanding payments, what sales terms could an entrepreneur choose in order to collect cash more quickly?

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Definitions:

Statutory

Related to or enacted by a statute, referring to laws passed by a legislative body.

Judgment

A formal decision or order given by a court regarding the legal disputes presented to it.

Lien

A creditor's legal claim on a debtor's property, enduring until the associated debt is fully repaid.

Types Of Liens

Various legal claims or holds on property as security for the payment of a debt or obligation.