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Lockbox Fee
A charge by banks for the service of collecting payments through a secured post office box and processing them for the account holder.
Money Market Securities
Short-term financial instruments, typically with high liquidity and very low risk, used by individuals and corporations to manage cash.
Average Daily Cost
The average cost incurred by a business or an individual on a daily basis.
Lockbox System
A service provided by banks to process payments by diverting them directly to a special post office box, speeding up the collection process.
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