Indemnification is typically an agreement in which one party agrees to protect or to hold harmless another party from financial loss or legal action.
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The requirements for a business line of credit from a bank are stringent and include 2 years of tax returns, YTD financials, your personal financial statements, cash flow, and sales…
Current Assets represent the value of all assets within a business that is Cash or expected to be converted into cash within one year and are found in the Asset…
A company’s debts or obligations that are due within one year. Current liabilities appear on the company’s Balance Sheet and include short-term debt, accounts payable, accrued liabilities and other current…
Deductions are funds subtracted from the customer (the account debtor) when paying a client’s invoice (other than discounts) and are typically unknown to the factoring company. If known to the…
Deposit Account Control Agreement (DACA) is an agreement between a debtor, secure party and the debtors bank where the bank agrees that the secure party controls the deposit account of…
Capital expenses are either amortized or depreciated depending upon the type of asset acquired through the expense. Tangible assets are depreciated over the useful life of the asset whereas intangible…