Examlex
You can recover a forgotten database password by opening the database in Exclusive mode.
Factoring Without Recourse
A financial transaction where a business sells its invoices to a third party without the obligation of repurchase if the invoices go unpaid.
Bad Receivables
Amounts owed to a company that are unlikely to be paid by the debtor, often due to financial difficulty.
Troubled Debt Restructuring
A process where terms of an existing debt are modified due to the debtor's inability to pay, often resulting in reduced interest rates or extended payment terms.
Creditor Grants Concession
A situation where a creditor agrees to reduce or restructure a debtor's obligation under financial distress conditions, making it easier for the debtor to manage their debt.
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