Examlex
How do you analyze overhead variances using the variable cost variance model?
Lockbox Systems
A service offered by banks to companies for the receipt of payment from customers, involving the use of specially designed lockboxes to speed up collections.
Lockbox Plan
A banking service that speeds up collection and processing of company receipts by having those payments mailed directly to a location accessible by the bank.
Collection Of Cheques
Collection of Cheques refers to the process banks undertake to collect the amount specified on a cheque from the bank upon which the cheque is drawn.
Collections Float
The time gap between when a check is deposited into a bank account and the funds are available for use.
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