Examlex
What is the largest minority religious group in India, at 12 percent of the population?
Lockbox Plan
A cash management tool in which incoming cheques for a firm are sent to post office boxes rather than to corporate headquarters. A local bank will collect the contents of the lockbox and deposit the cheques into the company’s local account.
Net Positive Float
The excess of funds available for use due to the time difference between when a check is deposited and when it clears.
JIT System
Just-In-Time System, an inventory management strategy that aligns raw-material orders directly with production schedules.
Accounts Payable
The amounts a company owes to its suppliers or vendors for goods or services received but not yet paid for; a liability on the balance sheet.
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