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Bank Clearing Time
The process and time required for checks and other transactions to be processed through a bank or clearinghouse and the funds to become available.
Processing Time
The time required to complete a particular process, such as manufacturing or data processing.
Weighted Average Delay
The mean delay time, taking into account the importance or weight of each contributing factor to the overall delay.
Cheques
Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a specific individual.
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