Examlex
Mediation is a formal process resulting in compromise.
Balance Sheet
An overview document that itemizes a business’s resources, debts, and owner’s equity at a particular date, giving a concise view of its fiscal status.
Trade Credit Discounts
Reductions in the price of goods or services offered to buyers as an incentive to pay earlier than the payment terms require.
Costly Trade Credit
Describes the high costs associated with taking advantage of credit offered by suppliers or creditors, particularly when payment terms are not met, resulting in high interest rates or financial penalties.
Accounts Payable
Liabilities or money owed by a company to its creditors for goods and services that have been delivered or used, but not yet paid for.
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