Examlex
The consumption function relates consumption spending to _____.
Float
The time difference between when a check is written and when the corresponding amount is actually withdrawn from the payer's account.
Collected Balance
Collected Balance refers to the amount of funds in a bank account that is available and has been processed completely, distinguishing it from the ledger balance.
Ledger Balance
The total balance of a bank account, calculated at the end of each business day, including all deposits and withdrawals that have been posted to the account.
Lockbox Arrangements
A service provided by banks to process payments quickly by collecting and depositing checks into the company's account on behalf of the company.
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