Examlex
Reactivity occurs when:
Note Receivable
A written promise that entitles the holder to receive a specified amount of money at a set date in the future, often bearing interest.
90-Day Note
A short-term debt obligation that matures in 90 days.
Settle Account
The process of paying off or resolving a financial account or obligation.
Percent of Receivables Method
An accounting technique used to estimate the amount of a company's receivables that will not be collected.
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