Examlex
The Council of Economic Advisers has
Accounts Receivable
Money owed to a business by its clients or customers for goods or services delivered but not yet paid for.
Credit Sales
Transactions where goods or services are sold and delivered, but payment is deferred to a later date, creating receivables for the seller.
Factors Receivables
The process of selling accounts receivable to a third party (factor) at a discount in exchange for immediate cash.
Accounts Payable
The amounts owed by a company to suppliers or creditors for goods and services received.
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