Examlex
SUTA (state unemployment compensation)tax is paid by the employer only and is not deducted from gross pay.
Working Capital Accounts
Accounts that reflect a company's current assets minus its current liabilities, providing a snapshot of its short-term financial health and operational efficiency.
Borrowing Rate
The interest rate that a lender charges a borrower for the loan of funds, varying based on credit risk, loan amount, and duration.
Net 60
A payment term indicating that payment is due 60 days after the invoice date.
Lock Box System
A banking service provided to companies for speeding up collection of payments by having those payments sent directly to a bank's PO box, rather than to the company.
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