Examlex
Which of the following is not characteristic of good risk management?
Payment
Payment refers to the transfer of money or goods from one party to another in exchange for goods, services, or to fulfill a legal obligation.
Outstanding Balance
The amount of money that is still owed or due on a financial account or loan.
Invoice
A document issued by a seller to a buyer that lists goods or services provided along with their costs, signifying an obligation to pay.
Payment
The act of giving money in exchange for goods, services, or to fulfill an obligation.
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