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In the Definition "'Heel' Means the Back Part of the Foot

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In the definition "'Heel' means the back part of the foot in humans, below and behind the ankle" the definiendum is:


Definitions:

Availability Delay

The lag time between when a deposit is made in a bank account and when the funds are available for use.

Bank Releases

Legal documents indicating that a bank has released its claim on assets, typically after a loan has been paid off.

Collection Time

The typical duration a company waits to collect payments from its clients following a sale.

Lockbox System

A service offered by banks to process payments quickly by having those payments mailed directly to a secure post-office box, from which the bank collects and deposits into the company's account.

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