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To recall, something will be accepted by the court as evidence it is, to use Montrose's term, receivable as evidence in legal proceedings—only if three basic conditions are satisfied: relevance, materiality and admissibility (Montrose 1954).
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Establish allowances for uncollectible accounts, provisions for contractual adjustments, and discounts to reflect the net present value of long-term receivables.
Indeed some of the better drafted statutes were quite precisely limited to the trouble area revealed by Klauder: short-term receivables of the type which were customarily the subject of non-notification financing.
Estimated net value of an asset after reductions for allowances for uncollectible amounts, provisions for contractual adjustments, and discounts recorded to reflect the net present value of long-term receivables.
But the 25% does not take into account the property already sold and short-term receivables from the sale.
So instead of using the term "accounts receivable," they called it "money in".
In terms of receivables, the company will integrate with CRM providers to allow sales orders to be turned into invoicing through the Bill.com platform.
But the company has $4.9 billion in cash, including short-term securities and accounts receivable.
The most common types of collateral used for short-term credit are accounts receivable and inventories.
The Commercial Financing offers short-term inventory and accounts receivable financing to dealers and remarketers of IT products.
To acquire CPP from its creditors, Iverson and his partners had put up $700,000 in equity and obtained $7.8 million in financing from FSB, consisting of a $1.3 million short-term loan against receivables and a $6.5 million loan against assets.
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