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Lockbox System
A service provided by banks to companies for the collection of payments from customers, where the payments are sent directly to a post office box to expedite processing.
Treasury Bills
Treasury bills are short-term government securities with maturities ranging from a few days to 52 weeks, sold at a discount from their face value.
Collection Time
The average period it takes for a company to receive payments owed by its customers after a sale has been made.
BAT Model
The BAT model is a term used in various contexts, including finance for "Behavioral Analysis Training," but if referring specifically to a financial model, clarification is needed as it may not apply. Without a specific context, providing an accurate definition is challenging.
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