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.
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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.
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