Examlex
________ was formerly known as hypochondriasis (without physical symptoms) .
Full Payment
The act of paying the entire amount due on an obligation, such as an invoice or loan, without any outstanding balance.
Promissory Note
A financial instrument involving a written promise by one party to pay another a definite sum of money either on demand or at a specified future date.
Allowance for Doubtful Accounts
A contra-asset account that reduces the total receivables on the balance sheet to reflect only amounts expected to be collected.
Aging of Accounts Receivable
A method to categorize and manage accounts receivable based on how long an invoice has been outstanding, helping businesses identify delays in payments.
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