Examlex
What do policy limits of 200/300/100 on an automobile insurance policy mean?
Note Receivable
A written promise for the amounts to be received within a certain period of time, which represents a right to receive payments from another entity.
Payment of Account
The process of settling an amount owed to a creditor or vendor, often referred to as making a payment on an account.
Accounts Receivable Turnover
A financial ratio that measures how many times a company collects its average accounts receivable within a period.
Days' Sales in Receivables
A financial metric that calculates the average number of days it takes a company to collect payment after a sale has been made.
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