Examlex
Which of the following statements best illustrates the conversational style?
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.
Specified Amount
The exact sum of money stated in a financial document or agreement.
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