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Disbursement Float
The time lag between the issuance of a check by a payer and the actual deduction of funds from the payer's account.
Cheques
Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearers or named party.
Deposit
A sum of money placed into an account, typically in a bank, to be kept safe and potentially earn interest.
Interest Bearing Account
A bank account that yields interest income on the deposited funds over time, offering a return to the account holder.
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