The Three Times Rule States That It Is Necessary to Write

question 7

True/False

The three times rule states that it is necessary to write an idea down three time before it becomes permanent.

---

Definitions:

Clearing Times

The time period it takes for a financial transaction to be processed and settled.

Lockbox System

A service offered by banks to companies for the collection of payments from customers, where the payments are sent directly to a post office box rather than to the company.

Treasury Bills

Short-term government securities issued at a discount from the face value and maturing in a year or less, representing a secure investment.

Collection Time

The typical period a business waits to receive money owed by its customers.