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Match the Terms with Their Correct Meanings

question 184

Multiple Choice

Match the terms with their correct meanings.
-Protein in blood; maintains the proper amount of water in the blood


Definitions:

Terms of Sale

The conditions under which a sale is made primarily with respect to payment. Terms include a date on which payment is due and often specify a prompt payment discount that may be taken if payment is made within a specified time.

Lock Box Systems

A service provided by banks to companies for the quick collection of payments from customers by directing those payments to a special post office box.

Float Management

The practice of managing the time difference between issuing and clearing checks to optimize the available cash flow.

Lock Box Systems

A service offered by banks to companies for the receipt of payment from customers, involving the collection of payments in regional post office boxes and processing them quickly.

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