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What does the Instead Softcup do?
Accrue Revenue
The process of recognizing revenue before cash is received, based on the earning process being complete and the revenue being earned.
Loan Agreement
A contract between a borrower and a lender outlining the terms and conditions of a loan.
Events of Default
Specific conditions or circumstances outlined in a loan agreement or bond indenture that, when occurring, grant the lender the right to demand early repayment or take other corrective actions.
Cross Default
A provision in a loan agreement that triggers a default under the agreement if the borrower defaults on another debt obligation.
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