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Current Liability
Financial obligations a company must settle within one year, including accounts payable, taxes, and short-term loans.
Aggregate Accounts Receivable
The total amount of money owed to a company by its customers for goods or services delivered but not yet paid for.
Credit Period
The length of time for which credit is extended. If the credit period is lengthened, then sales will generally increase, as will accounts receivable. This will increase the firm’s financing needs and possibly increase bad debt losses. A shortening of the credit period will have the opposite effect.
Credit Search
A process used by lenders to review an individual's or business's credit history before granting loans or credit.
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