Examlex
Which of the following represents the order in which the first steps to speech are taken?
Collection Procedures
Established methods and processes used by a company to collect payments or debts from its customers or debtors.
Terms Of Sale
Conditions on which a firm sells its goods and services for cash or credit.
Conditional Sales Contract
A conditional sales contract is an agreement in which the sale of an asset or property is contingent upon certain conditions, often including the completion of payment installments.
Default Risk
The risk that a borrower will not make the contractual interest or principal payments on their debt obligations.
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