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Money Market Securities
Short-term financial instruments, typically with high liquidity and very low risk, used by individuals and corporations to manage cash.
Average Daily Cost
The average cost incurred by a business or an individual on a daily basis.
Lockbox System
A service provided by banks to process payments by diverting them directly to a special post office box, speeding up the collection process.
Cheques
Cheques are written, dated, and signed instruments that direct a bank to pay a specific sum of money from the cheque writer's account to the person or entity in whose name the cheque has been issued.
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