Examlex
Simplify the expression.
Net Present Value
The gap between the current value of incoming and outgoing cash over a given period.
Lockbox System
A service offered by banks to companies for the receipt of payment from customers, involving the collection of customers' payment checks through a special post office box.
Bank
A financial institution that accepts deposits, offers loans, and provides other financial services.
Average Daily Receipts
The average amount of cash flow received by a business per day over a defined period of time.
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