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An organic organization strictly adheres to the chain-of-command principle and has a small span of control.
Credit Standards
The set of criteria that lenders use to determine the creditworthiness of borrowers and the terms under which credit will be extended.
Credit Policy
The guidelines a company follows in determining credit terms for its customers, including terms of payment and credit limits.
Collection Policy
A set of procedures a company uses to manage the collection of amounts due from its customers.
Cash Payment
A transaction in which a payment is made using physical currency or through a digital medium that represents immediate funds.
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