Restatements of the Law Are

question 196

Multiple Choice

Restatements of the Law are

• A) available online.
• B) not available online.
• C) primary sources.
• D) available online and primary sources.
• E) not available online and primary sources.

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Definitions:

Disbursement Float

The interval between the issuance of a check and the actual deduction of the amount from the issuer's account.

Lockbox System

A service provided by banks to companies for the collection of payments from customers, whereby payments are sent to a special post office box instead of to the company.

Cash Concentration Account

A bank account used by companies to consolidate and manage cash from multiple locations or accounts, improving liquidity management.

Collection Float

The time delay between when a check is written and when it is actually deducted from the payer's account, impacting the receiver's cash flow.