REVENUE CYCLE Definition

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REVENUE CYCLE is the sections of a company that fills customer orders, accounts for
receivables, and collects those receivables.

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GIFTS-IN-KIND are non-cash gifts of tangible or intangible property. Tangible property can fall into two distinct categories, and its value is derived from its physical existence: 1. objects, such as equipment, software, automobiles, printed materials, etc.; or, 2. services, such as providing photography services. Intangible personal property is property whose value stems from intangible elements, e.g. patents and copyrights.

IOU is an informal debt instrument in the form of a written promise to pay back money owed; e.g., personal loans and professional services.

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