Examlex
The duty to perform the task or activity an employee has been assigned is called accountability.
Prepayment Penalties
Fees charged to borrowers for paying off a loan early, as compensation for the lender's lost interest income.
Pledge of Inventory
The use of a company's inventory as collateral to secure a loan or meet other financial obligations.
Factoring
A financial transaction where a business sells its accounts receivable to a third party at a discount to raise immediate capital.
Turning Receivables
Involves managing and collecting funds owed to a business by its customers within a given period.
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