Examlex
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Inventory Reduction
A strategy to decrease the amount of inventory that a company holds in order to improve cash flow or reduce storage costs.
Tax Refund
The amount of money returned to a taxpayer by the government when the taxpayer's paid taxes exceed their tax liability for a given year.
Operating Cycle
The period it takes for a business to purchase inventory, sell products, and convert the sales back into cash, essentially measuring the time span from buying raw materials to receiving cash from sales.
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