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What is one of the two largest metropolitan areas in the world?
Concentration Accounts
A single account used by companies to aggregate funds from different accounts, simplifying cash management.
Lockboxes
A banking service where payments are sent to a special post office box rather than to the company's offices, to speed up transaction processing.
Disbursement Float
The time lag between when a payment is made by writing a check and when the funds are actually removed from the payer's account.
Float Costs
The expenses associated with issuing new stocks or bonds, including underwriting, legal, and registration fees.
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