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Customer Refunds Payable
Liabilities on a company's balance sheet representing money owed to customers for returned goods or services that did not meet expectations.
Estimated Returns Inventory
An estimate of the goods or materials that are expected to be returned by customers over a certain period.
Discount Period
The time frame within which a payment is made early enough to receive a discount for early payment.
Invoice Payment
The process of paying off the amount that is stated on an invoice, which is a bill for products or services provided.
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