AVERAGE SETTLEMENT PERIOD Definition

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AVERAGE SETTLEMENT PERIOD is calculated: For Debtors = Trade Debtors X 365 days / Credit Sales
For Creditors = Trade Creditors X 365 days / Credit Purchases.

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ESCHEAT is the reversion of property to the state (government) in the absence of legal heirs or claimants.

BMR, among others, is Base Mortgage Rate.

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