Examlex
Which of the following best describes "seasoning" for the newly arrived slaves?
Disbursement Float
Disbursement float refers to the time delay between writing a check and the time the funds are actually withdrawn from the payer's account.
Chequing Account
A type of bank account that offers easy access to funds for daily transactions, allowing for deposits, withdrawals, and cheque payments.
Cheque
A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.
Safety Stock
Extra inventory maintained to guard against stockouts due to variance in supply or demand.
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