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Extinction is defined as the withdrawal of positive reward.
Allowance Account
An account used to offset the gross accounts receivable by the amount estimated to be uncollectible.
Accounts Receivable
Unsettled payments from customers to a business for goods delivered or services carried out.
Note Receivable
A financial asset representing a promise for future receipt of cash, typically arising from sales or loans, evidenced by a written promise to pay.
Account Receivable
Deferred payments from customers for the delivery or use of goods or services by a company.
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