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According to Maslow, physiological needs are the strongest motivators.
Collection Time
The average period it takes for a business to receive payments owed by its customers, reflecting the effectiveness of its credit and collection policies.
Average Daily Receipts
The average amount of money received by a business per day over a specific period, often used in financial analysis.
Collection Delay
The time lag between when a payment is made by a customer and when the funds are available to the recipient.
Lockbox System
A service offered by banks to companies for the receipt of payment from customers, involving the collection of payments directly at a postal box and swiftly depositing them into the company's bank account.
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