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7 Cards in this Set
- Front
- Back
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Recourse |
Legal agreement by which the lender has the rights to pledged collateral from the borrower |
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Pledging Receivable |
Process of obtaining a loan using the receivables as collateral |
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Assigning Receivables |
Process of obtaining a loan by transferring to the lender the debtor's right to cash collection on receivables |
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Working Capital |
The amount of current assets minus the amount of current liabilities |
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Net Realizable Value |
Balance of the A/R account adjusted to allowance for receivables uncollected, sales discounts, and sales return and allowance |
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Factoring |
A financial transaction I'm which a business sells its A/R |
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Recoverable Amount |
The GREATER of the asset's fair value less cost to sell or its value in use (PV of cash flow) |
