Examlex
HRM can play a role in a high-performance organization by participating in:
Cheques Deposited
The process of placing cheques received into a bank account to be processed and the funds credited to the account holder.
Clear
To settle a trade or transaction by exchanging financial instruments or the legal process of resolving a dispute.
Zero Balance Accounts
Bank accounts that are maintained at a zero balance by automatically transferring funds from a master account in an exact amount only when checks are presented.
Payroll Account
A bank account specifically used by businesses to process salary payments to their employees.
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