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A firm can establish a sustainable competitive advantage over competitors if:
Midnight Deadline
A cutoff point set at 11:59 PM, often used in legal, financial, and operational contexts to mark the end of a given day or deadline.
Drawer-payor Bank
Refers to the bank upon which a check is drawn and is responsible for paying the check when it is presented.
Banking Day
A business day during which financial institutions are open for conducting banking transactions.
Bank Statement
A bank statement is a summary of financial transactions that occurred over a certain period of time in a bank account, provided regularly by the bank to the account holder.
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