Examlex
What is the result of the following Excel formula?
=2(2+5)
Payables Financing
A form of short-term borrowing where a company finances its accounts payables through a third party.
Prompt Payment Discount
A discount offered to buyers for paying their invoices early, encouraging faster payments.
Pledged
Assets or collateral that a borrower offers to a lender to secure a loan, which the lender may seize if the loan is not repaid.
Default Risk
The risk of loss to a lender from the borrower’s failure to pay the full amount due including interest and principal.
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