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What happens during the transition from the MOUNTED to OPEN state during startup?
Credit Policy Variable
An element that defines the guidelines under which credit is extended to customers, including terms of payment and interest rates.
Credit Period
The duration of time a buyer is allowed to pay for goods or services received, before interest or penalties begin accruing.
Collection Policy
The specific strategies and methods a company uses to manage the collection of its accounts receivable.
Credit Policy
The guidelines a company follows to determine the amount of credit to extend to customers and the terms of payment.
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