Financial Management

Conditional Sales Contract A conditional sale contract grants ownership of a piece of property to the buyer, but not lawful possession until the sale price…

Sight Draft A sight draft is a bill of exchange that is due and payable on demand. When delivery of the shipping documents acceptance of…

Collection Policy Collection policy refers to the procedure the firm follows to collect the past-due account. It is the procedures that a firm follows in…

A company’s policy on when its customers should pay for goods or services they have ordered a government’s policy at a particular time on how…

Baumol Model and its Assumption – Most firms try to minimize the sum of the cost of holding cash and the cost of converting marketable…

Marketable securities mean a short term financial assets that create interest for its holders and easily be converted into cash. They are securities or debts…

Marketable securities mean a short term financial assets that create interest for its holders and easily be converted into cash. They are securities or debts…

Cash management means optimal cash maintain in a business. If an excess is taken in a business, it is harmful because it does not grow…

Common Sources of Credit Information In finance, Credit Information means, information about a person’s or company’s ability to pay the debt, examined especially by banks…

Credit Policy A company’s policy on when its customers should pay for goods or services they have ordered a government’s policy at a particular time…