Provide a definition of each of the following types of bonds.
Definitions:
Accounts Payable
Money owed by a business to its suppliers shown as a liability on the company's balance sheet.
Cash Receipts
The collection of money, including currency, checks, electronic transfers, and other forms of payment, for goods or services rendered.
Cash Payments
Money disbursed by a business for goods, services, or other obligations.
Accounts Receivable
Funds that customers owe to a company for products or services provided but not yet compensated for.
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