Examlex
Which rivers serves as a border separating Texas and Mexico?
Average Daily Receipts
The average amount of money received by a business per day over a specific period, often used in financial analysis.
Collection Delay
The time lag between when a payment is made by a customer and when the funds are available to the recipient.
Lockbox System
A service offered by banks to companies for the receipt of payment from customers, involving the collection of payments directly at a postal box and swiftly depositing them into the company's bank account.
Treasury Bills
Government-issued securities with maturity of up to a year, offered below their nominal value.
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