Examlex
Which of the following represents a basic level item?
Cash Management
The strategy of collecting, managing, and investing cash in a way that enables the company to meet its financial obligations while maximizing liquidity.
Lockbox System
A lockbox system is a banking service used by companies to expedite the collection and processing of accounts receivable by having checks mailed directly to a bank-operated address.
Collection Time
The average period that it takes for a business to receive payments owed, in terms of receivables, from its customers and clients.
Preauthorized Payments
Financial arrangements allowing a payee to automatically withdraw money from a payer's bank account for recurring bills or subscriptions.
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