Examlex
Does the brain have built-in categories for sorting and filing information?
Collateral
An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid according to the agreement.
Accounts Payable
The amount a company owes to suppliers for goods and services purchased with credit.
Factor
A finance company to which businesses sell their accounts receivable—usually for a percentage of the total face value.
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