Examlex
______________ differ from other financial sources in that they buy accounts receivable, meaning that they purchase them without recourse in the case that a person who owes an ac?count receivable does not pay.
Capital Flight
The sudden and large-scale withdrawal or transfer of money or assets out of a country, often in response to economic or political instability.
Debt Rescheduling
The act of negotiating new terms for the repayment of existing debts, often involving an extension of payment terms and sometimes a reduction of the interest rate.
Economic Development
The process by which a country improves the economic, political, and social well-being of its people, often measured by increases in per capita income and standard of living.
Corruption
The abuse of entrusted power for private gain, often undermining democracy, ethical values, and justice and leading to various forms of criminal activity, discrimination, and mistrust.
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