Examlex
The fair pair refers to:
Date Due
The specified day by which an obligation must be fulfilled or a payment must be made.
Aging of Accounts
The process of categorizing accounts receivable by the length of time they have been outstanding.
Delinquent
An individual or entity that fails to fulfill an obligation, particularly in terms of financial debt payments, within the stipulated time.
Cycle Billing
The process of invoicing different customers at different times during the month based on a predetermined schedule.
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