Examlex
Zero Balance Accounts
Bank accounts that maintain a balance of zero by automatically transferring funds to cover charges or replenishing from another account.
Concentration Banking
Employing one bank to manage the balances in remote accounts. Balances are generally swept into the concentration bank daily.
Wire Transfers
Electronic transfers of funds across a network administered by banks or transfer service agencies globally.
Average Collection Period
The average number of days it takes a company to collect payments from its credit sales.
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