Examlex
The ___________________of the wheat kernel has a tendency to become rancid because of the high proportion of fats it contains.
Maker
In financial terms, the party that creates or issues a financial instrument, such as a check or promissory note.
Payee
The individual or entity to whom a payment is to be made or credited.
Allowance Account
A contra-asset account used to record adjustments to accounts receivable, reflecting the amounts expected not to be collected.
Uncollectible
Refers to accounts receivable that are considered to be uncollectable from debtors due to their inability to pay.
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