Under what condition or conditions is trade credit not a
1. Under what condition or conditions is trade credit not a "cost-free" source of funds to the firm?
2. Define the following:
a. Accrued expenses
b. Deferred income
c. Prime rate
d. Compensating balance
e. Discounted loan
f. Commitment fee.
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1 under what condition or conditions is trade credit not a cost-free source of funds to the firm2 define the followinga
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1 explain why the annual financing cost of secured credit is frequently higher than that of unsecured credit2 explain
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