Time-sales finance is a way of obtaining short-term financing from long-term instalment accounts receivable.

Name: Time-sales finance is a way of obtaining short-term financing from long-term instalment accounts receivable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Time-sales finance involves using long-term instalment accounts receivable as collateral to obtain short-term financing. This allows companies to access cash quickly without having to wait for the full payment of the accounts receivable.

Time-Sales Finance Is a Way of Obtaining Short-Term Financing from Long-Term