DSO Definition

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DSO, in accounting, is an acronym that usually means Days Sales Outstanding.

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FACTORING is the practice of buying debt at a discount, e.g., if somebody owes you $10,000 payable within a year, a factoring lender may pay you $9,000 for the debt. You receive $9,000 cash quickly, but at the cost of the $1,000 discount.

NOTARIAL is relating to or done by a notary public.

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