Examlex
An effective mission statement generates the impression a firm is successful, has direction, and is worthy of time, support and investment.
Working Capital
The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of the business.
Cost of Trade Credit
The effective interest rate associated with taking discounts offered by suppliers for early payment or the cost of forgoing those discounts.
Net 30
A payment term indicating that full payment is due within 30 days of the invoice date.
Terms
Conditions and parameters under which credit is extended by a lender to a borrower, including the repayment schedule, interest rate, and maturity date.
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