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Esters can be formed by a condensation reaction between a carboxylic acid and an alcohol.
Speed Up Payments
Actions or policies implemented to reduce the time it takes to receive payments from customers, thereby improving cash flow.
Lockboxes
A service provided by banks to process payments more quickly by having checks sent to a special post office box instead of the company's address.
Customer Payments
The payments made by customers for products or services received from a company.
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