Examlex
When an employee's interests are likely to interfere with the employee's ability to exercise proper judgment on behalf of the organization, what exists?
Lockbox System
A lockbox system is a banking service used by companies to expedite the collection and processing of accounts receivable by having checks mailed directly to a bank-operated address.
Collection Time
The average period that it takes for a business to receive payments owed, in terms of receivables, from its customers and clients.
Preauthorized Payments
Financial arrangements allowing a payee to automatically withdraw money from a payer's bank account for recurring bills or subscriptions.
Collection Time
The duration it takes for a business to receive payments owed by its customers.
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