DAYS BEYOND TERMS (DBT)
Days Beyond Terms is the average number of days a firm pays its bills past the invoice due date. The DBT is weighted by the dollar amount of each account. The prediction is a forecast of the DBT for 60 days into the future. It is based on the trend in DBT, the type of industry of the business, derogatory public record information, collection accounts, number of inquiries, years in business/on file, and other factors.
DBT NORMS
DBT Norms let you compare the company’s DBT against the average DBT for other businesses in the same industry and the average DBT for all industries. The three most common purchasing terms for the company’s industry are also listed
(e.g., NET 30, 2/10N30, NET 10).
DBT Range Based on Current Payment Behavior indicates where the business’ current DBT falls in comparison to other businesses in the
Insolvent, gone belly up, ruined, wiped out, broke, busted, penniless, in the red.
Accumulate or assemble, gather, harvest, reap, amass, hoard, save, round up, pile up, squirrel away, compile, congregate, flock, group, muster, convene, meet, cluster.
Accumulation, mass, group, assortment, assembly, pile, gathering, stockpile, store, hoard, cluster, congregation, aggregation, compilation, anthology, hodgepodge.
Belief, trust, faith, honesty, credibility, praise, attribute, notice, commendation, debt on account, deferred payment, charge, time, installment plan.
Obligation, liability, bill, debit, arrears, deficit, pledge, due, burden, red ink.
DEFAULT
Shirk, welsh, fail, stiff, skip out, run out on, dodge.
Letters that are sent from the collector or credit manager on behalf of the business.
MONEY
Currency, legal tender, cash, bucks, dough, bread, medium of exchange, loot, scratch, wampum, coin, riches.
PAY
Remit, compensate, disburse, settle, cough up, foot the bill, spend, expend, shell out, fork over, pick up the tab, contribute, bankroll, finance.
SKIP
Hop, spring, leap, caper, romp, jump, cavort, gambol, prance, frisk, bounce, overlook, pass over, omit, exclude, leave out, forget about, disregard, never mind, ignore.
SKIPTRACING
A method a collector uses to find debtors who have moved or can no longer be reached at their billing addresses or phone numbers, in order to collect money that is owed to them.
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