Examlex
A committee is a specific type of group in which members who have been given the authority to handle the problem at hand meet one or more times to address and resolve it.
Optimal
The most favorable condition or level of efficiency that a system, selection, or outcome can achieve under given constraints.
Collection Float
The time interval between when a payment is deposited and when funds become available in the company’s account, affecting cash flow.
Cheques
Written, dated and signed instruments that direct a bank to pay a specific sum of money to the bearer.
Disburses
The act of paying out or distributing funds, typically related to the operational expenses or investment payouts of a company.
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