An agency may prescribe a mileage radius of not greater than 50 miles to determine whether an employee's travel is within or outside the limits of the employee's official duty station for determining entitlement to overtime pay for travel.
DEFINITION of 'Cash-Flow Financing'. A form of financing in which the loan is backed by a company's expected cash flows. This differs from an asset-backed loan, where the collateral for the loan is based on the company's assets. The schedules or repayments for cash-flow loans are based on the company's projected future cash flows.
A statement of cash flows is one of the four major financial statements prepared by corporations at the end of each accounting period. The goal of the cash flow statement is to provide an accurate picture of the financial health of a company without the cover of accrual-based accounting treatments.