Examlex
What is a codon?
Accounts Receivable Period
The average number of days it takes for a company to collect payments from its customers after a sale has been made.
Accounts Payable Period
The average number of days it takes for a business to pay off its trade creditors.
Credit
Refers to the trust allowing one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately but promises either to repay or return those resources at a later date.
Supplier
A person or organization that provides goods or services to another entity, typically as part of a supply chain.
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