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A licensing agreement provides a U.S. MNC with a guarantee that they will be able to export the product to the foreign market.
Accounts Payable
Liabilities to creditors, representing amounts the company owes for goods and services it has received but not yet paid for.
Note Receivable
A financial asset representing a written promise to receive a specific amount of money, plus interest if applicable, by a certain date.
Dishonored
A term used when an instrument such as a check is not accepted or paid upon presentation.
Accounts Receivable
Money owed to a business by its customers for goods or services delivered or used but not yet paid for.
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