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What is solidification?
Collection Float
The delay between when a check is deposited into a bank account and when the funds are available to the depositor, affecting cash flow.
Cheques
Cheques are financial instruments that order a bank to pay a specific amount of money from a person’s account to the person in whose name the cheque has been issued.
Deposit
Money placed in a financial institution for safekeeping, which can earn interest and is often used to secure transactions.
Balance
The total amount of funds in an account or the difference between the total debits and credits in an account.
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