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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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