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Current Assets
Valuables intended to be converted to cash, liquidated, or expended over the course of one year or the operational cycle, whichever timeframe is more extended.
Trade Discount
A reduction in the listed price of a product or service, offered by sellers to buyers in the business-to-business market to encourage purchases in large quantities.
Catalog Price
The listed price of goods or services in a supplier's catalog, not including any discounts or promotions.
Credit Terms
The conditions under which credit will be extended to a customer, including the repayment period and any discounts for early payment.
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