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Today's Terms
Articles of Incorporation
Definition:
Legal document filed with the state, which sets forth the purposes and regulations for a corporation. Each state may have different rules/requirements.
Cash Flow Projections
Definition:
A month-by-month future projection of income and expenditures over a period of time, usually a year. The projections for an existing business are based on current cash flow patterns.
Factoring
Definition:
A method of raising working capital by selling your business's accounts receivables to a bank at a discounted rate. The bank then manages and collects the money due.
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