CHECK Definition

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CHECK is a draft drawn against a bank, payable upon demand to the person/entity named upon the draft.

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EXTERAL REVENUE, if governmental, is money collected by a government by imposing duties on imports and other international transactions.

CREDITOR DAYS is the number of days it takes the company to pay trade creditors. This ratio provides an indication of the amount of credit given to the business by its suppliers. The formula is trade creditors divided by sales multiplied by 365 days.

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