Examlex
Explain why the Hearsay Rule was developed and why the admission of hearsay in a criminal trial may violate the defendant's Sixth Amendment rights.
Lockbox System
A service provided by banks to process payments by collecting and depositing checks into the company's account quickly.
NPV
Net Present Value (NPV) is a method used in capital budgeting to determine the value of an investment by calculating the present value of expected future cash flows using a specific discount rate.
Cash Concentration Accounts
Bank accounts used by companies to concentrate cash from multiple accounts into one for efficient management and utilization.
Zero-Balance Accounts
Banking accounts that are maintained at a zero balance and have funds automatically transferred from a master account in the exact amount needed for specific transactions.
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