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In 1939,the first steps toward the creation of an atomic bomb were taken by
Lockbox System
A service provided by banks to companies for the collection of payments from customers, whereby payments are sent to a special post office box instead of to the company.
Cash Concentration Account
A bank account used by companies to consolidate and manage cash from multiple locations or accounts, improving liquidity management.
Collection Float
The time delay between when a check is written and when it is actually deducted from the payer's account, impacting the receiver's cash flow.
Disbursement Float
The time delay between when a check is issued and when the funds are actually withdrawn from the payer's account.
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