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Collection Float
The time period between when a check is deposited and when the funds are made available.
Chequing Account
A bank account from which money can be withdrawn without notice, typically used for day-to-day spending and bill payments.
Deposit
A deposit refers to a sum of money placed into an account or given to another party as security for future transactions, often used in banking, leasing, and rental agreements.
Incremental Pre-tax Profits
Profits generated from a specific event or decision, calculated before taxes are deducted.
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