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What is the symbolism of the heads on a Benin royal ancestral altar?
Total Collection Time
The total period it takes for a business to convert its accounts receivable into cash.
Cash Management
The process of collecting, managing, and investing a company's cash flows in a way that meets its operational and financial objectives.
Zero-Balance Account
A chequing account in which a zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover cheques presented.
Cash Safety Stock
The minimum amount of cash that a company needs to keep on hand to protect against unforeseen variability in cash flow.
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