Payments pattern
(redirected from Payments Patterns)Payments pattern
Describes the collection pattern of receivables. The pattern might describe the probability that a 72-day-old account will still be unpaid when it is 73 days-old.
Payments Pattern
The likelihood of a company to receive its accounts receivable by a certain point in time. That is, if most accounts are paid in 10 days and a certain account is unpaid after 25 days, the payments pattern would state that the account is unlikely to be paid in 26 days.