Examlex
Group decision making:
Lockbox System
A service offered by banks to companies for receiving payments from customers; the bank collects and processes these payments directly to speed up the deposit process.
Firm Implementation
The process of putting a business strategy or plan into action to achieve its goals and objectives.
Float
The time difference between when a check is written and when the funds are actually withdrawn from the account, or the number of shares available for trading of a particular stock.
Smart Card
A smart card is a plastic card embedded with a microprocessor chip, which can store and process data, used for various purposes such as financial transactions, identification, and access control.
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