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Software piracy - the unauthorized and illegal duplication of copyrighted software - is by far the most common form of software theft. When you purchase software, you actually do not own the software; instead, you have purchased the right to use the software, as outlined in the software license. Briefly describe the characteristics of the following type of software license: single-user, multiple-user, network license, and community/state license.
Accounts Receivable Period
The average number of days it takes for a company to collect payments from its customers after a sale has been made, a key component in managing cash flow.
Letter of Credit
A financial document issued by a bank guaranteeing a buyer's payment to a seller in a transaction, effective in international trade.
Covenants
A promise by the firm, included in the debt contract, to perform certain acts. A restrictive covenant imposes constraints on the firm to protect the interests of the debtholder.
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