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As the only African-American in his class,LaMont tends to worry about committing errors because he does not want all of his white counterparts to think that all African-Americans are intellectually inferior.LaMont is experiencing
Line of Credit
A flexible loan from a bank or financial institution, where a borrower can access funds up to a specified limit at any time.
Lockbox System
A service provided by banks to process payments quickly by allowing companies to have their customers send payments to a special post office box.
Disbursement Float
The time lag between when a payment is issued by a payer and when the funds are actually withdrawn from the payer's account.
Receivable Accounts
Balances of money due to a company for goods or services provided that have not yet been paid by customers.
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