Items for Which We Have Received Payment, but Have Not

question 116

Short Answer

Items for which we have received payment, but have not yet delivered the service, are called __________.

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Definitions:

Southwestern Bell

A former American telecommunications company that was one of the seven original Regional Bell Operating Companies after the U.S. Department of Justice broke up the American Telephone & Telegraph Company in 1984.

Legal Barrier

Any law or regulation that limits or controls the entrance of a firm into an industry or the launch of a new product.

Licensing

A regulatory process that allows individuals and companies to operate legally in a professional field or to sell particular goods and services.

Patents

Legal rights granted to inventors to exclusively exploit their inventions for a certain period.