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What is one of the first steps in establishing trust with a family?
Cash Disbursement
Cash disbursement refers to the payment of money by a business to settle obligations, including operating expenses, investments, and financing activities.
Cash Collection
The process of receiving cash payments from customers, typically related to sales or services provided.
Trust Receipts
Documents that acknowledge the receipt of goods but allow the buyer to sell or process the goods before payment is made to the seller.
Floor Plan
Financing method used by dealerships that allows them to have a stock of vehicles on their floors for sale; it is a type of short-term financing.
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