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The competitive model of markets does NOT assume:
Notes Receivable
Financial assets representing amounts owed to a company by debtors, typically evidenced by formal instruments with specified payment terms.
Factoring Fee
A charge assessed for the service of factoring, where a business sells its receivables to a third party at a discount.
Accounts Receivable
The money owed to a business by its customers for goods or services delivered or used but not yet paid for, considered a current asset on the balance sheet.
Promissory Note
A Promissory Note is a financial instrument wherein one party promises in writing to pay a determinate sum of money to another, either at a fixed or determinable future time.
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