Examlex
Structured systems design is a set of procedures performed to convert the logical specification into a design that can be implemented on the organization's computer system.
Master Account
An overarching account that has the authority and capability to control other accounts within a financial or investment framework.
Lockbox System
A service offered by banks to companies for the receipt of payment from customers, directly into a bank's post office box, to minimize the time it takes to deposit checks and access funds.
Collection Time
The average period it takes for a business to collect payments owed by its customers.
Check Clearing
The process of transferring funds from the bank on which a check is drawn to the bank where it was deposited.
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