Examlex
Danny is an American English-speaking child and just said his first word. Which of these is MOST likely to be that word?
Credit Extension
The practice of providing borrowers additional time to pay off existing debts, often involving modified repayment terms or agreements.
Receivables Financing
A method of raising finance based on the sale or pledge of a company's accounts receivable to a third party at a discount.
Trade Credit
A form of credit extended by suppliers allowing customers to purchase goods or services and pay for them at a later date.
Payment Policy
Guidelines or procedures set by a company to manage how and when payments are made and received.
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