Accounts Due
Accounts Due is a customer Account that has reached the time for payment and renewal.
Accounts Payable
Accounts Payable is a liability owed by the business for goods purchased or services used.
Accrued Expenses
Accrued Expenses are the recorded current expenses that are due, but have not yet been…
Adjusted Monthly Forecast
The Adjusted Monthly Forecast is the anticipated profit per store for the month ended that…
Balloon Payment
A Balloon Payment is a large final payment to acquire ownership of merchandise or to…
Brown Goods
Brown Goods is a generic term for televisions and stereos, derived from the brown, wood…
Buying Group
A Buying Group is the banding together of several dealers to purchase items in bulk…
Card Close
The Card Close is the total number of past-due customer accounts on a particular day…
Cash Purchase Option
Cash Purchase Option is a customer's option for the early purchase of rental merchandise at…
Charge Off
A Charge Off is an item taken off inventory that cannot be recovered due to…
Closeout Percentage
The Closeout Percentage is the ratio of past due accounts to the balance on rent….
Collections
Collections is the process of contacting the customer and collecting money owed and/or regaining possession…
Consumer Credit Protection Act
The Consumer Credit Protection Act, also known as the Truth-in-Lending Bill, this act requires most…


