Represents the costs of the insurance policy based upon the insured risks and the fee that an insurance company expects to earn based upon the risks it is taking on behalf of the seller.

If a debt cannot be collected, a creditor may wish to remove it from the books by writing it off. It is common for businesses to maintain a reserve or provision for doubtful accounts against which bad debts are charged (bad debt reserve). creditor may wish to remove it from the books by writing it off. It is common for businesses to maintain a reserve or provision for doubtful accounts against which bad debts are charged (bad debt reserve).

A method to classify accounts receivable items by how long they have been outstanding or unpaid. accounts receivable items by how long they have been outstanding or unpaid.

A person, business or governmental agency with a claim against a debtor or debtor's business. claim against a debtor or debtor 's business.

A right to payment or other equitable remedy in the event of a breach of contract.

or business entity that owes money.

Uncollectible accounts that are encountered due to poor credit decisions, aggressive credit policy or an unpredictable event.

The privilege of buying goods, services or borrowing money in return for a promise of future payment.

A claim against a customer for services rendered or goods sold on credit.

A medium of exchange; coined or stamped currency.

Any money owed an enterprise, whether or not they are currently due.

The number of times that assets, such as inventory or accounts receivable, are replaced on average during the period.

Money set aside for accounting purposes to protect any depreciation or losses in asset values for a specific purpose.

A right to payment or other equitable remedy in the event of a breach of contract.

or business entity that owes money.

Relates to the judicial means or court procedures by which legal and equitable rights are enforced.