True-Up
The periodic adjustment that reconciles what an MCA funder actually collected against what the specified percentage of real revenue would have been, refunding or crediting the difference. Some contracts require the merchant to request it; better ones run it monthly by default.
Why it matters
In practice 'true-up' and 'reconciliation' describe the same mechanism. What matters is who carries the burden: clauses that require the merchant to ask, with documentation, within short windows, are designed not to be used.
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