What term refers to funds for which final payment has been received?

The term that refers to funds for which final payment has been received is "Collected Funds." This designation indicates that all necessary payments have been processed and the funds are now fully available for use by the recipient. In the context of payment processing and financial transactions, collected funds signify that there are no outstanding balances or pending transactions related to those funds, providing assurance to the payee that they can access the funds immediately.

In contrast to this, other terms such as "Commercial Credit," "Commission-Only Sales," and "Collections" reflect different concepts in finance and payment processing. Commercial credit involves financing offered to businesses for purchasing goods or services, while commission-only sales pertain to a compensation structure where salespersons earn income solely based on their sales performance. Collections typically refers to the process of pursuing payments still owed, which may involve unpaid invoices or debts, hence not representing funds that have been settled. This clarity around the definitions contributes to understanding why "Collected Funds" is the appropriate term in this scenario.