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Collection Time
The time duration that a business takes to recover the payments owed to it by its clients, often measured from the date of sale or service delivery.
Collection Float
The time interval between when a check is deposited in a bank and when the funds are made available.
Zero-Balance Account
A type of bank account that maintains a balance of zero by automatically transferring funds from a master account in exact amounts to cover charges or checks presented.
Master Account
A primary account in financial management that holds funds or securities and from which transactions can be made.
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