Glossary

> Accounts Receivable
Money that is owed to you for products or services that have already been invoiced.

> Bridging Loan
Money made available to you to bridge the gap between you charging for a product or service and you actually receiving payment.

> Cash Flow
The cycle of income and expenditures, and the resultant availability of working capital.

> Completion Document
A Completion Document is a document used to indicate when a particular contracted job has been completed or an order has been filled. This is generally used to indicate that all work in relation a particular job or purchase has been completed.

> Credit Terms
The conditions associated with the lending of money, such as the interest rate, the repayment period, the indemnity associated with the loan.

> Debt Protection
Insurance or other mechanism designed to recompense you for the losses incurred upon the non-payment of monies owed to you.

> Factor
A financial services provider who specialises in the provision of funding secured against monies owed to you from a third-party.

> Outsourcing
Outsourcing is the process of contracting an external firm to provide services that your company would ordinarily undertake in-house.

> Trade Credit Insurance
Trade Credit Insurance is an insurance policy taken out to cover the value of credit owed on a trade debt, should the debtor fail to pay the outstanding value of the debt.

> Turnover
A measure of the business transacted over a period of time.