Debt recovery
Getting paid when asking has not worked.
Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
Studying business? We write GCSE revision songs, and there is one for business studies. Listen to the revision playlist.
500 terms, showing 141–150 (page 15 of 50).
Getting paid when asking has not worked.
Also called Days sales outstanding, DSO, Aged debtors
How long, on average, your customers actually take to pay you — which is rarely the number on your invoice.
Who actually signs, and everyone else who can stop it.
Choosing when you cannot know. Most business decisions.
Handing work to somebody else properly. The constraint on most owner-managed businesses.
Getting paid before or during the work rather than after it.
Also called Amortisation, Writing down
Spreading the cost of something you will use for years across the years you will use it.
Straight line or reducing balance. Two ways to spread the same cost.
Protection for the appearance of a product. Registered and unregistered versions.
Keeping records electronically. Acceptable, with conditions.
If there is a word you have been nodding along to, tell us and we will write it up. This library exists because of the questions people were too polite to ask.
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