ASSET AVAILABILITY Definition

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ASSET AVAILABILITY is the stated condition or availability of an asset for usability. The subject asset is not available if it is already in use, at capacity, undergoing maintenance, broken, etc.

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BILLS RECEIVABLE, in merchant accounts, are all promissory notes, bills of exchange, bonds, and other evidences or securities which a merchant or trader holds, and which are payable to him.

REDISCOUNT is to discount short-term negotiable debt instruments for a second time, after they have been discounted with a bank.

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