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An Electronic Card Containing an Embedded Microchip That Enables Predefined

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An electronic card containing an embedded microchip that enables predefined operations or the addition,deletion,or manipulation of information on the card best defines


Definitions:

Accounts Receivable

Funds that customers owe to a business for products or services provided but not yet compensated for.

Liquidity

A measure of how easily assets can be converted into cash without significant loss in value.

Deposits in Transit

Funds that have been received and recorded by a business but not yet recorded by the bank, leading to a discrepancy in the accounting records until the deposit clears.

Currency

A system of money in general use in a particular country.

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