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Programs remember numbers and other data in the computer's memory and access that data through program elements called
Credit Sales
Credit Sales are sales made on credit, where the payment is received after the sale has been made, effectively extending a line of credit to the customer.
Note Receivable
A written promise for amounts to be received by a debtor, typically including interest, representing a credit instrument to the holder.
Specified Amount
A certain, defined quantity or sum mentioned in a financial document or agreement.
Definite Time
A specified, clear duration with a known start and end point.
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