THIRD PARTY RECOVERY Definition

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THIRD PARTY RECOVERY normally refers to delinquent accounts receivable recovered by a collection agency for a fee.

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NETBACK is linkage of the price of crude oil to the market price of products refined from it.

F.A.S. (FREE ALONG SIDE), e.g. 'F.A.S. New York', means that, for instance, if goods are shipped from the State of Nevada in the U.S. to Madrid, Spain, no charges for shipment are made to the importer until the goods are "free alongside the vessel" in New York. After this point, charges may be applied to the importer.

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