Examlex
When planning a game you should keep in mind:
Collection Float
The time period between when a check is deposited in a bank and when the funds are available in the account, impacting cash flow management.
Lockbox System
A lockbox system is a service offered by banks to companies for the receipt of payment from customers, utilizing a special post office box to speed up the collection and processing of check payments.
Lockbox System
A service offered by banks to companies for the receipt of payment from customers, involving the collection and processing of checks at a secure location.
Customer's Account
A record maintained by a business or financial institution that tracks an individual customer's purchases, balances, and transactions.
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