Your English writing platform
Discover LudwigSuggestions(5)
Exact(46)
They hold credit balances with CIT after selling their receivables to the firm but receiving only a portion of the payment upfront.
Endless days spent chasing receivables to meet his firm's swelling payroll drove him to the brink.
C1 Sears Sells Credit Business Sears agreed to sell its $29 billion portfolio of credit card receivables to Citigroup for about $3 billion in cash.
At closing, Target would sell an undivided interest in its credit card receivables to JPMorgan Chase for cash proceeds of about $3.6 billion.
The deal raises Citigroup's total managed card receivables to nearly $169 billion; MBNA, the next largest, has a $107 billion portfolio.
Armstrong said it was evaluating options ranging from selling assets and businesses to obtaining secured financing and selling receivables to raise cash to meet the obligations.
Similar(13)
He also checks a company's "quick ratio," which compares cash and accounts receivable to current liabilities; again, bigger is better.
Mr. Smedley provided a copy of a letter he said was sent to clients of his Altria, which provides services like billing and accounts receivable to hospitals and medical practices.
Small hospitals, nursing homes and other health care providers sold their accounts receivable to the company, usually getting 80 or 90 cents on the dollar, rather than waiting for insurance payments.
SK Global said that the latest restatement of results came about because on the advice of auditors from Ernst & Young, it had reclassified some customer accounts from receivable to uncollectible and had written them off.
For example, in the accounts receivable pledging service, a small enterprise plan to pledge its account receivable to a bank in order to obtain funds.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com