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Related Definitions
Accounts Payable Accounts Payable is the phrase used when a company buys something on credit and has to pay it back quickly. It is a short-term debt that falls under the umbrella of Current Liabilities.
Money market accounts Money market accounts mean deposits that earn interest rates very competitive with those paid on other short-term investments; some
Accounts receivable financing Accounts receivable financing is a short-term financing method in which accounts receivable are collateral for cash advances.
Accounts receivable turnover Accounts receivable turnover is the ratio of net credit sales to average accounts receivable, which is a measure of how
quickly customers pay their bills.
Trade credit or open-book accounts Trade credit or open-book accounts refer business charge accounts that a selling firm gives buying firms.
Sweep accounts Sweep accounts is the contracts executed between a bank and some of its deposit customers that bank to transfer funds (usually overnight)
NOW accounts NOW accounts is the saving deposits against which a customer can write negotiable drafts (checks) but that reserve the bank’s right to insist on
Money market deposit accounts (MMDAs) Money market deposit accounts (MMDAs) is the short-maturity deposits having a term of only a few days, weeks, or months and on .
Accounts Payable (A/P) Accounts payables are the funds owed to its suppliers or vendors for goods or services purchased on credit. In other words, a liability account indicates...
The accounts of the BOP The BOP is composed of two primary subaccounts, the Current Account and the Capital/ Financial Account. In addition, the Official Reserves Account tracks ...
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