Examlex
Which is not a function of the kidneys?
Ledger Float
The time difference between when a check is written and when it is actually deducted from the payer's account.
Collection Float
The time period between when a check is deposited into a bank account and when the funds are available.
Lockbox System
A service offered by banks to companies for the collection of payments from customers, speeding up the process of receiving and depositing checks.
Collection Float
The time between when a check is deposited into a bank and when the amount is credited, affecting cash flow management.
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