In Analyzing a Case, What Are Some Guideposts a Paralegal

question 59

Essay

In analyzing a case, what are some guideposts a paralegal might look for, and how should the paralegal make use of them?

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Definitions:

Aging of Accounts Receivable

A method to categorize and manage accounts receivable based on how long an invoice has been outstanding, helping businesses identify delays in payments.

Maturity Value

The amount payable to an investor at the end of a fixed-term investment, including the principal and any interest accrued.

Notes Receivable

Claims against debtors documented by promissory notes, which promise the future inflow of cash.

Aging Schedule

A table or report that categorizes a company's accounts receivable according to the length of time an invoice has been outstanding.