Examlex
An uncommitted line of credit is obtained through a nonbinding, informal agreement.
Year 2
Often refers to the second fiscal or calendar year in the context of financial reporting, planning, or analysis.
Average Collection Period
The average number of days it takes for a business to receive payments owed by its customers for goods or services provided on credit.
Year 2
Refers to the second year of a specified time frame, often used in financial and academic contexts.
Accounts Receivable Turnover
A measure of how quickly a company collects cash from its credit sales.
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