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The wars on crime and drugs has disproportionally affected
Lockbox System
A service provided by banks to companies for the receipt of payment from customers, involving the use of a post office box to collect and process payments.
Collection Float
The time gap between when a check is deposited and when the funds are available in the recipient's account, affecting the cash flow of businesses.
Cheques
Paper instruments that direct banks to pay a specified amount of money from a person's account to the person in whose name the cheque has been issued.
Daily Interest Rate
The interest rate calculated on a daily basis, often used to compute interest on loans or investments over a short period.
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