Tag: customers
Teaser Loan
By definition, a teaser loan, also called an adjustable rate mortgage loan, is where the interest is paid at a very low rate by...
Days Sales Outstanding (DSO)
What is 'Days Sales Outstanding - DSO' Days sales outstanding (DSO) is a measure of the average number of days that a...
Dealer Option
What is 'Dealer Option' An option issued on the physical inventory of a commodity. A dealer option is typically issued by companies...
Dealer Financing
What is 'Dealer Financing' Loans that are originated by a retailer to its customers and are then sold to a bank or...
Large Value Transfer System (LVTS)
What is 'Large Value Transfer System - LVTS' An electronic wire payment system in Canada, facilitating the transfer of funds between large...
Target Market
DefinitionA target market is a group of customers within a business's serviceable available market that the business has decided to aim its marketing efforts...
Know Your Client (KYC)
What is 'Know Your Client - KYC' The Know Your Client form is a standard form in the investment industry that ensures...
Bailee
DefinitionBailment describes a legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another...
Bad Debt Expense
What is a 'Bad Debt Expense' Bad debt expense represents the amount of uncollectible accounts receivable that occurs in a given period....
Layaway
DefinitionLayaway is an agreement in which the seller reserves an item for a consumer until the consumer completes all the payments necessary to pay...