Examlex
Instructions: Identify the following term(s).
1789 Constitution
Factored Receivables
Accounts receivable that have been sold to a third party (the factor) for immediate cash, minus a fee.
Cash Collections
The process of gathering all cash payments received from customers for goods or services provided.
Off-Balance Sheet
An accounting practice where a company does not include certain assets or liabilities on its balance sheet, often to keep the item from affecting its financial ratios.
Collateralized Borrowings
Loans for which the borrower has provided a guarantee in the form of assets to secure the repayment of the loan, reducing the risk for the lender.
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