Examlex
This occurs when two or more of the largest creditors agree to postpone any claims,acting as stimulus for smaller creditors to also agree to the plan.
Service Charge Expense
Service charge expense refers to fees charged for specific services provided, often recognized as an expense in accounting records.
Accounts Receivables
Sums due to a company from its clients for products or services provided but not yet compensated for.
Factor
A financial intermediary that purchases receivables from businesses, providing them with immediate cash flow.
Sale of Receivables
The process of selling outstanding invoices to a third party in order to receive immediate payment.
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