Business, Legal & Accounting Glossary
The amount of time a company is willing to give a customer before accounts receivable are due. The number of days extended depends on the industry. If a company shortens the receivable days too much it could lose customers, but if it gives customers too much time to pay their bill then they might face a cash shortage.
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This glossary post was last updated: 16th November, 2021 | 0 Views.