Business Finance TermDefinition/ExplanationABL Asset-based lendingLending facilities that are secured on assets such as trade debtors, process plant and machinery and stock/finished goods.Accounts receivableAll monies a business is owed in return…

Business Cash Flow IntroductionThe following quote, popularised by Thomas Friedman in his book, The World is Flat, provides a metaphor for the competitive nature of business: “Every morning in Africa,…