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An important principle of the scientific method is that most research generates new questions, not final answers.
Marketable Securities
Financial instruments that can easily be converted to cash without a significant loss in value.
Near Cash
Assets that are not cash but can be quickly converted into cash with minimal loss of value.
Transit Float
The time difference between when a check is deposited and when the funds are credited to the depositor's account, during which the funds are in transit.
Check Clearing
The process through which banks settle transactions made by checks, transferring funds from the issuer's account to the recipient's account.
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