Examlex
When a central bank sets a maximum and minimum for its target short term interest rate, it is using the channel system.
Direct Write-Off Method
A method of accounting for bad debts that writes off an outstanding account receivable as a bad debt expense only when it becomes evident the debt is uncollectible.
Reinstatement
The process of restoring a previous condition or position, such as reinstating a lapsed insurance policy or an employee's job position.
Receipt of Cash
The process of receiving cash as a form of payment, often recorded during accounting transactions.
Accounts Receivable Turnover
A financial metric that measures how efficiently a company collects revenue from its credit customers, calculated as sales divided by the average accounts receivable.
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