Examlex
The final stage of bankruptcy is known as:
Cash Collection
The process of gathering and managing payments received from customers.
Discount Period
The period between the issuance of a bill, note, or bond and its maturity date, during which it may be purchased at a reduced price to yield interest upon redemption at full price.
Receivables Turnover Ratio
A financial metric that measures how efficiently a company collects its outstanding receivables over a period, calculated as sales divided by average accounts receivable.
Uncollectible Account
Accounts receivable that are deemed irrecoverable and are written off as a loss because the debtor is unable to pay.
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