Examlex
List and describe the two types of waves.
Quality of Receivables
An assessment of the likelihood that the amounts owed to a business by its debtors will be collected.
Likelihood of Collection
An assessment of the probability that accounts receivable or other debts will be successfully collected from debtors.
Factoring Fee
A charge assessed by a factoring company for providing cash advances to businesses by purchasing their accounts receivable at a discount.
Accounts Receivable
Outstanding payments due to a firm from its clients for delivered services or products yet to be settled.
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