What is the financial term for something a person or company owes, usually a sum of money, that is settled over time through the transfer of economic benefits including money, goods, or services?

We are fact fanatics, writers, and most importantly, trivia enthusiasts. We have spent thousands of hours creating original trivia questions and fun fact articles for your enjoyment. There are currently, over 6,250 trivia questions on Triviamastermind.com for you to check out. We hope you love them!